BNP Paribas Financial Markets Reduces Position in Cactus, Inc. (NYSE:WHD)

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

A number of other hedge funds have also recently modified their holdings of WHD. Illinois Municipal Retirement Fund lifted its position in Cactus by 0.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after acquiring an additional 169 shares during the period. State of Tennessee Department of Treasury increased its stake in shares of Cactus by 0.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock valued at $2,091,000 after purchasing an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Cactus by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock valued at $606,000 after purchasing an additional 180 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Cactus by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after purchasing an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock worth $197,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Stock Up 1.0%

NYSE WHD traded up $0.43 during mid-day trading on Thursday, reaching $41.94. The stock had a trading volume of 354,933 shares, compared to its average volume of 798,820. The company has a fifty day moving average price of $40.66 and a 200 day moving average price of $52.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. 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 $3.35 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

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

Cactus Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on WHD. Stifel Nicolaus reduced their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Barclays lowered their price target on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $52.00.

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.