Brown Advisory Inc. Sells 10,128 Shares of Cactus, Inc. (NYSE:WHD)

Brown Advisory Inc. lowered its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 521,469 shares of the company's stock after selling 10,128 shares during the period. Brown Advisory Inc. owned 0.66% of Cactus worth $23,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WHD. Smartleaf Asset Management LLC increased its position in shares of Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cactus by 66.9% in 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. Charles Schwab Investment Management Inc. grew its position in shares of Cactus by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company's stock valued at $40,939,000 after acquiring an additional 13,669 shares during the period. Proficio Capital Partners LLC bought a new stake in Cactus during the fourth quarter valued at about $1,332,000. Finally, Arizona State Retirement System increased its holdings in Cactus by 2.0% in the 4th quarter. Arizona State Retirement System now owns 19,293 shares of the company's stock worth $1,126,000 after acquiring an additional 373 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Price Performance

Shares of WHD stock opened at $45.82 on Thursday. The company's 50-day simple moving average is $43.65 and its two-hundred day simple moving average is $48.77. 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 one year low of $33.80 and a one year high of $70.01. The company has a market capitalization of $3.66 billion, a P/E ratio of 16.31 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a return on equity of 18.99% and a net margin of 16.78%. The firm had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same period in the previous year, the company posted $0.75 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, June 2nd. Cactus's payout ratio is currently 18.51%.

Analysts Set New Price Targets

Several equities analysts have recently commented on WHD shares. Barclays lowered their price objective on Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Friday, June 20th. Stifel Nicolaus dropped their price target on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $52.33.

Cactus Company 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.

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