Moody Aldrich Partners LLC Reduces Stock Position in Cactus, Inc. (NYSE:WHD)

Moody Aldrich Partners LLC cut its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 38.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,758 shares of the company's stock after selling 46,796 shares during the quarter. Moody Aldrich Partners LLC owned 0.09% of Cactus worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WHD. SG Americas Securities LLC boosted its holdings in Cactus by 535.8% in the first quarter. SG Americas Securities LLC now owns 14,413 shares of the company's stock worth $661,000 after purchasing an additional 12,146 shares during the last quarter. Emerald Advisers LLC raised its stake in Cactus by 20.6% during the 4th quarter. Emerald Advisers LLC now owns 307,315 shares of the company's stock valued at $17,935,000 after buying an additional 52,552 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 13,669 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cactus in the 4th quarter worth $16,377,000. Finally, Axiom Investors LLC DE boosted its stake in shares of Cactus by 26.0% in the 4th quarter. Axiom Investors LLC DE now owns 149,317 shares of the company's stock worth $8,714,000 after buying an additional 30,851 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays reduced their price objective on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Friday, June 20th. Stifel Nicolaus cut their price target on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One equities 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $52.33.

Cactus Trading Up 0.0%

NYSE:WHD opened at $45.27 on Friday. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The business has a fifty day moving average price of $43.13 and a 200-day moving average price of $49.13. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 16.11 and a beta of 1.48. 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 (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 the consensus estimate of $0.70 by $0.03. The business had revenue of $280.32 million during the quarter, compared to analyst estimates of $272.22 million. Cactus had a return on equity of 18.99% and a net margin of 16.78%. Cactus's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. Sell-side analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were given a dividend of $0.13 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. Cactus's payout ratio is currently 18.51%.

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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