BNP Paribas Financial Markets Has $616,000 Stock Holdings in Cactus, Inc. (NYSE:WHD)

BNP Paribas Financial Markets cut its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 70.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Oarsman Capital Inc. acquired a new position in Cactus during the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its position in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after buying an additional 223 shares during the last quarter. Jones Financial Companies Lllp increased its position in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after buying an additional 337 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Cactus during the fourth quarter worth $76,000. Finally, AlphaQuest LLC increased its position in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after buying an additional 1,142 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Performance

WHD stock traded down $0.50 during mid-day trading on Wednesday, reaching $41.69. 187,110 shares of the stock traded hands, compared to its average volume of 796,295. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The business has a 50-day moving average of $40.86 and a two-hundred day moving average of $53.05. The firm has a market capitalization of $3.33 billion, a PE ratio of 14.81, a P/E/G ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD - Get Free Report) last released 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 company had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. During the same period in the prior year, the company earned $0.75 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal 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 paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus's payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Barclays decreased their price target on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cactus has a consensus rating of "Hold" and a consensus target price of $52.00.

Cactus Profile

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.