SG Americas Securities LLC Has $661,000 Stake in Cactus, Inc. (NYSE:WHD)

SG Americas Securities LLC lifted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 535.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,413 shares of the company's stock after buying an additional 12,146 shares during the quarter. SG Americas Securities LLC's holdings in Cactus were worth $661,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in WHD. Portside Wealth Group LLC raised its holdings in Cactus by 16.8% in the 1st quarter. Portside Wealth Group LLC now owns 5,343 shares of the company's stock worth $245,000 after acquiring an additional 767 shares during the period. Congress Asset Management Co. increased its holdings in shares of Cactus by 13.3% during the 1st quarter. Congress Asset Management Co. now owns 322,467 shares of the company's stock worth $14,779,000 after purchasing an additional 37,781 shares during the period. Vest Financial LLC raised its position in shares of Cactus by 32.8% during the first quarter. Vest Financial LLC now owns 57,203 shares of the company's stock valued at $2,622,000 after buying an additional 14,141 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Cactus by 0.7% in the first quarter. Rhumbline Advisers now owns 195,038 shares of the company's stock valued at $8,939,000 after buying an additional 1,270 shares during the period. Finally, GAMMA Investing LLC grew its position in Cactus by 3,480.1% during the first quarter. GAMMA Investing LLC now owns 91,293 shares of the company's stock worth $4,184,000 after buying an additional 88,743 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on WHD. JPMorgan Chase & Co. cut their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Stifel Nicolaus cut their target price 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, Barclays decreased their price target on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $52.33.

Cactus Price Performance

Shares of Cactus stock traded down $0.12 during midday trading on Monday, hitting $44.94. 265,537 shares of the company were exchanged, compared to its average volume of 705,999. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The firm has a 50 day simple moving average of $41.85 and a 200-day simple moving average of $50.14. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The firm has a market cap of $3.59 billion, a P/E ratio of 16.01 and a beta of 1.49.

Cactus (NYSE:WHD - Get Free Report) last announced 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 firm had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. Cactus's dividend payout ratio (DPR) is presently 18.51%.

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.