Redwood Investments LLC Sells 207,606 Shares of Cactus, Inc. (NYSE:WHD)

Redwood Investments LLC cut its holdings in Cactus, Inc. (NYSE:WHDFree Report) by 73.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,282 shares of the company’s stock after selling 207,606 shares during the period. Redwood Investments LLC owned 0.09% of Cactus worth $3,418,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in Cactus by 70.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,016 shares of the company’s stock valued at $172,000 after purchasing an additional 1,247 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Cactus by 55.2% in the first quarter. MetLife Investment Management LLC now owns 30,390 shares of the company’s stock valued at $1,724,000 after buying an additional 10,813 shares during the period. BlackRock Inc. grew its position in Cactus by 2.4% during the first quarter. BlackRock Inc. now owns 3,987,233 shares of the company’s stock worth $226,236,000 after buying an additional 94,603 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Cactus in the 1st quarter valued at approximately $268,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cactus by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 950,570 shares of the company’s stock worth $53,933,000 after acquiring an additional 10,327 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Benchmark lowered shares of Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.86.

Get Our Latest Research Report on WHD

Cactus Stock Up 0.6 %

Shares of NYSE WHD opened at $50.09 on Monday. Cactus, Inc. has a 52-week low of $31.36 and a 52-week high of $57.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. The business has a fifty day moving average of $45.29 and a two-hundred day moving average of $45.34. The stock has a market cap of $3.98 billion, a PE ratio of 19.64, a PEG ratio of 8.49 and a beta of 1.96.

Cactus (NYSE:WHDGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $274.87 million during the quarter, compared to the consensus estimate of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. As a group, equities research analysts expect that Cactus, Inc. will post 3.04 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, February 23rd. Cactus’s payout ratio is currently 18.82%.

Insider Buying and Selling

In other news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Cactus news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now owns 20 shares of the company’s stock, valued at approximately $915.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at $180,688.20. The disclosure for this sale can be found here. 17.72% of the stock is owned by corporate insiders.

Cactus Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cactus, Inc. (NYSE:WHDFree Report).

Institutional Ownership by Quarter for Cactus (NYSE:WHD)

Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter.