Free Trial

Bank of New York Mellon Corp Trims Holdings in Cactus, Inc. (NYSE:WHD)

Cactus logo with Energy background

Bank of New York Mellon Corp lessened its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 45.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 645,894 shares of the company's stock after selling 534,889 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of Cactus worth $29,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock valued at $448,247,000 after acquiring an additional 147,395 shares during the last quarter. Geode Capital Management LLC grew its position in Cactus by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after acquiring an additional 45,821 shares during the last quarter. Capital International Investors grew its position in Cactus by 14.8% in the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock valued at $98,445,000 after acquiring an additional 218,004 shares during the last quarter. First Trust Advisors LP grew its position in Cactus by 34.6% in the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after acquiring an additional 400,452 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cactus by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock worth $72,271,000 after buying an additional 43,237 shares during the period. Institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays lowered their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Friday, June 20th. JPMorgan Chase & Co. lowered their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their target price on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd.

View Our Latest Research Report on Cactus

Cactus Stock Down 0.4%

Cactus stock traded down $0.17 during midday trading on Friday, reaching $43.40. The company's stock had a trading volume of 56,687 shares, compared to its average volume of 689,785. The stock's 50-day simple moving average is $44.14 and its 200-day simple moving average is $48.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The stock has a market capitalization of $3.46 billion, a P/E ratio of 15.45, a PEG ratio of 3.76 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 18.99% and a net margin of 16.78%. The company had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. During the same period last year, the business posted $0.75 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, June 2nd. Cactus's payout ratio is 18.51%.

Cactus Company Profile

(Free Report)

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.

Featured Stories

Institutional Ownership by Quarter for Cactus (NYSE:WHD)

Should You Invest $1,000 in Cactus Right Now?

Before you consider Cactus, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cactus wasn't on the list.

While Cactus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines