Nisa Investment Advisors LLC Sells 495 Shares of Cactus, Inc. (NYSE:WHD)

Nisa Investment Advisors LLC cut its holdings in shares of Cactus, Inc. (NYSE:WHD) by 14.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,874 shares of the company’s stock after selling 495 shares during the period. Nisa Investment Advisors LLC’s holdings in Cactus were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Oarsman Capital Inc. purchased a new stake in shares of Cactus in the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Cactus in the 4th quarter worth approximately $76,000. KBC Group NV lifted its holdings in Cactus by 11.9% in the 1st quarter. KBC Group NV now owns 3,373 shares of the company’s stock worth $155,000 after purchasing an additional 360 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Cactus by 7.5% during the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company’s stock worth $164,000 after buying an additional 250 shares during the period. Finally, Portside Wealth Group LLC grew its position in shares of Cactus by 12.2% during the 1st quarter. Portside Wealth Group LLC now owns 4,576 shares of the company’s stock worth $210,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Up 1.8%

NYSE:WHD opened at $43.57 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The firm’s 50 day simple moving average is $44.14 and its 200 day simple moving average is $48.23. The company has a market cap of $3.48 billion, a PE ratio of 15.50, a P/E/G ratio of 3.76 and a beta of 1.48.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The company had revenue of $280.32 million for the quarter, compared to analysts’ expectations of $272.22 million. During the same period in the prior year, the business earned $0.75 earnings per share. Cactus’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus’s dividend payout ratio is presently 18.51%.

Wall Street Analyst Weigh In

WHD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Stifel Nicolaus dropped their price target on Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Barclays dropped their target price on Cactus from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, June 20th.

Cactus Company 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.