Cactus, Inc. (NYSE:WHD) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC lessened its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 72.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,501 shares of the company's stock after selling 9,137 shares during the quarter. Nebula Research & Development LLC's holdings in Cactus were worth $204,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WHD. Oarsman Capital Inc. acquired a new position in Cactus in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Cactus by 74.6% in 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after purchasing an additional 359 shares during the period. Jones Financial Companies Lllp increased its position in Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Cactus during the 4th quarter worth approximately $76,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Down 0.1 %

WHD stock traded down $0.03 during trading on Tuesday, reaching $39.95. The stock had a trading volume of 288,007 shares, compared to its average volume of 786,475. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $42.46 and a 200 day moving average price of $55.08. The company has a market capitalization of $3.18 billion, a P/E ratio of 14.16, a PEG ratio of 5.13 and a beta of 1.50. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. Cactus's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.30%. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays decreased their price target on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Stifel Nicolaus cut their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $52.33.

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.