Nuveen Asset Management LLC Lowers Holdings in Cactus, Inc. (NYSE:WHD)

Nuveen Asset Management LLC lowered its position in Cactus, Inc. (NYSE:WHD - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,732 shares of the company's stock after selling 14,231 shares during the quarter. Nuveen Asset Management LLC owned about 0.31% of Cactus worth $14,516,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Oarsman Capital Inc. bought a new position in Cactus in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC increased its stake in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after acquiring an additional 337 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Cactus in the 4th quarter worth about $76,000. Finally, AlphaQuest LLC increased its stake in Cactus by 202.5% in the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after acquiring an additional 1,142 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Price Performance

Shares of Cactus stock traded down $0.74 during trading on Wednesday, hitting $41.45. 436,002 shares of the stock traded hands, compared to its average volume of 797,220. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 5.13 and a beta of 1.50. The firm's fifty day moving average is $40.86 and its 200-day moving average is $53.05. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01.

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

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.25%. Cactus's payout ratio is 18.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WHD. Barclays decreased 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. Stifel Nicolaus reduced their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cactus currently has an average rating of "Hold" and a consensus price target 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.