TimesSquare Capital Management LLC Trims Stock Holdings in Cactus, Inc. (NYSE:WHD)

TimesSquare Capital Management LLC trimmed its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 12.7% in the first quarter, according to its most recent Form 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 quarter. TimesSquare Capital Management LLC owned about 0.43% of Cactus worth $15,735,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WHD. Jones Financial Companies Lllp grew its holdings in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after purchasing an additional 337 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Cactus in the fourth quarter valued at $1,332,000. Raymond James Financial Inc. bought a new position in shares of Cactus in the fourth quarter valued at $16,377,000. PNC Financial Services Group Inc. lifted its stake in shares of Cactus by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock valued at $220,000 after buying an additional 239 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after buying an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday, June 20th. Stifel Nicolaus dropped their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th.

Cactus Stock Down 0.6%

Cactus stock traded down $0.25 during midday trading on Friday, hitting $43.32. 191,388 shares of the stock were exchanged, compared to its average volume of 690,321. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 3.76 and a beta of 1.48. The business's 50-day moving average price is $44.14 and its 200-day moving average price is $48.23. The company has a quick ratio of 3.47, a current ratio of 4.85 and a debt-to-equity ratio of 0.01.

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

Cactus Dividend Announcement

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