Renaissance Technologies LLC Has $461,000 Stock Position in Cactus, Inc. (NYSE:WHD)

Renaissance Technologies LLC lessened its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 93.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,900 shares of the company's stock after selling 117,900 shares during the period. Renaissance Technologies LLC's holdings in Cactus were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oarsman Capital Inc. acquired a new stake in Cactus in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC raised its stake in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the period. Versant Capital Management Inc lifted its holdings in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after acquiring an additional 359 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 337 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Cactus during the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Cactus Price Performance

Shares of Cactus stock traded down $0.16 on Tuesday, hitting $39.81. The company had a trading volume of 532,881 shares, compared to its average volume of 788,893. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market cap of $3.17 billion, a PE ratio of 14.12, a PEG ratio of 5.13 and a beta of 1.50. The business has a 50-day simple moving average of $42.21 and a 200-day simple moving average of $54.97.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The company 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 20.24% and a net margin of 16.57%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Research analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

WHD has been the subject of a number of analyst reports. Barclays reduced their price objective on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday. 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 report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.