Natixis Advisors LLC Has $523,000 Position in Cactus, Inc. (NYSE:WHD)

Key Points

• Natixis Advisors LLC reduced its stake in Cactus, Inc. by 37.5%, selling 6,851 shares during the 1st quarter, leaving it with a total of 11,407 shares worth approximately $523,000.
• Cactus, Inc. reported $0.66 earnings per share (EPS) for the last quarter, falling short of analysts' expectations of $0.67, alongside a revenue drop of 5.8% year-over-year.
• The company has announced an increase in its quarterly dividend from $0.13 to $0.14, resulting in an annualized dividend yield of 1.5% and a payout ratio of 19.62%.

Natixis Advisors LLC lowered its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 37.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,407 shares of the company's stock after selling 6,851 shares during the period. Natixis Advisors LLC's holdings in Cactus were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of Cactus by 25.2% during the 4th quarter. LPL Financial LLC now owns 12,689 shares of the company's stock valued at $741,000 after purchasing an additional 2,553 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Cactus by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 34,105 shares of the company's stock valued at $1,990,000 after purchasing an additional 7,845 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Cactus by 12.7% during the 4th quarter. Bank of Montreal Can now owns 8,013 shares of the company's stock valued at $468,000 after purchasing an additional 903 shares in the last quarter. Invesco Ltd. lifted its stake in Cactus by 0.9% in the 4th quarter. Invesco Ltd. now owns 752,707 shares of the company's stock valued at $43,928,000 after acquiring an additional 6,730 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Cactus in the 4th quarter valued at approximately $16,377,000. Institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

NYSE WHD traded down $0.53 on Friday, reaching $39.91. The stock had a trading volume of 238,457 shares, compared to its average volume of 723,946. The firm has a fifty day moving average of $44.06 and a two-hundred day moving average of $45.64. The company has a market cap of $3.19 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 3.80 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 3.48. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. Cactus had a net margin of 16.19% and a return on equity of 17.34%. The business's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. This is an increase from Cactus's previous quarterly dividend of $0.13. Cactus's dividend payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

WHD has been the topic of several recent analyst reports. Barclays reaffirmed an "overweight" rating and set a $52.00 price target (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. JPMorgan Chase & Co. decreased their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Stifel Nicolaus decreased their target price on Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, August 1st.

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.