TimesSquare Capital Management LLC Sells 49,837 Shares of Cactus, Inc. (NYSE:WHD)

TimesSquare Capital Management LLC decreased its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,341 shares of the company's stock after selling 49,837 shares during the period. TimesSquare Capital Management LLC owned approximately 0.43% of Cactus worth $15,735,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WHD. Oarsman Capital Inc. purchased a new position in shares of Cactus during the 4th quarter worth $26,000. Jones Financial Companies Lllp raised its position in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Cactus during the fourth quarter worth about $76,000. AlphaQuest LLC increased its position in shares of Cactus by 202.5% during the fourth 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. Finally, KBC Group NV grew its stake in Cactus by 11.9% in the first quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Shares of WHD stock traded down $1.22 during trading hours on Tuesday, hitting $43.35. The company had a trading volume of 483,620 shares, compared to its average volume of 699,534. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 3.94 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.47 and a current ratio of 4.85. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The firm's fifty day moving average is $43.88 and its 200 day moving average is $48.49.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 18.99% and a net margin of 16.78%. Cactus's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. On average, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus's dividend payout ratio is 18.51%.

Analysts Set New Price Targets

Several research firms have recently commented on WHD. Barclays lowered their target price on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Friday, June 20th. JPMorgan Chase & Co. reduced their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus reduced their target price on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.40.

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.