BNP Paribas Financial Markets Sells 24,636 Shares of Cactus, Inc. (NYSE:WHD)

BNP Paribas Financial Markets lessened its position in Cactus, Inc. (NYSE:WHD - Free Report) by 70.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,558 shares of the company's stock after selling 24,636 shares during the quarter. BNP Paribas Financial Markets' holdings in Cactus were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Cactus by 429.4% in the 3rd quarter. Barclays PLC now owns 123,562 shares of the company's stock worth $7,373,000 after purchasing an additional 100,223 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Cactus in the fourth quarter worth $229,000. Nisa Investment Advisors LLC grew its stake in shares of Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock worth $197,000 after acquiring an additional 221 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of Cactus by 25.1% during the fourth quarter. Andina Capital Management LLC now owns 15,445 shares of the company's stock valued at $901,000 after acquiring an additional 3,097 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company's stock valued at $176,000 after acquiring an additional 1,059 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Barclays cut their target price on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cactus currently has a consensus rating of "Hold" and an average target price of $52.33.

Cactus Stock Performance

Shares of WHD stock traded up $0.63 on Tuesday, reaching $42.10. The stock had a trading volume of 453,020 shares, compared to its average volume of 798,665. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The stock has a market cap of $3.36 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The company has a 50 day simple moving average of $40.94 and a 200 day simple moving average of $53.13.

Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. Cactus's revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.24%. Cactus's dividend payout ratio is currently 18.51%.

About Cactus

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.