Wellington Management Group LLP Sells 309,681 Shares of Cactus, Inc. (NYSE:WHD)

Wellington Management Group LLP cut its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,345,729 shares of the company's stock after selling 309,681 shares during the period. Wellington Management Group LLP owned about 1.69% of Cactus worth $78,537,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Oarsman Capital Inc. acquired a new position in Cactus during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares during the period. Jones Financial Companies Lllp lifted its position in Cactus by 66.9% during the 4th 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. acquired a new position in Cactus during the 4th quarter valued at about $76,000. Finally, AlphaQuest LLC lifted its position in Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after purchasing an additional 1,142 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Down 2.2%

Shares of NYSE:WHD traded down $0.91 during mid-day trading on Friday, reaching $40.99. The stock had a trading volume of 629,813 shares, compared to its average volume of 800,893. The firm has a market cap of $3.27 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The firm has a 50 day simple moving average of $40.53 and a two-hundred day simple moving average of $52.51. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 16.57% and a return on equity of 20.24%. Cactus's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. On average, research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.27%. Cactus's dividend payout ratio (DPR) is currently 18.51%.

Analyst Upgrades and Downgrades

WHD has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday. Barclays cut their target price on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.00.

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.