Renaissance Technologies LLC Sells 117,900 Shares of Cactus, Inc. (NYSE:WHD)

Renaissance Technologies LLC trimmed its position in Cactus, Inc. (NYSE:WHD) by 93.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oarsman Capital Inc. acquired a new stake in Cactus in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its position in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares during the period. Versant Capital Management Inc raised its stake in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 337 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Cactus in the fourth quarter valued at approximately $76,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WHD shares. Stifel Nicolaus cut their price target on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday. Barclays cut their target price on Cactus from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cactus has a consensus rating of “Hold” and an average price target of $52.40.

Cactus Price Performance

WHD opened at $40.96 on Friday. The stock has a market cap of $3.26 billion, a P/E ratio of 14.52, a P/E/G ratio of 5.13 and a beta of 1.50. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $42.80 and a 200 day simple moving average of $55.26.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping 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 company had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same quarter last year, the firm posted $0.75 earnings per share. Cactus’s revenue 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 year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is 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.