Stephens Inc. AR Lowers Holdings in Cactus, Inc. (NYSE:WHD)

Stephens Inc. AR trimmed its position in Cactus, Inc. (NYSE:WHD) by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,460 shares of the company’s stock after selling 560 shares during the quarter. Stephens Inc. AR’s holdings in Cactus were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WHD. Diversify Wealth Management LLC lifted its stake in shares of Cactus by 34.1% during the 1st quarter. Diversify Wealth Management LLC now owns 16,513 shares of the company’s stock worth $757,000 after purchasing an additional 4,196 shares during the last quarter. Xponance Inc. lifted its stake in shares of Cactus by 5.7% during the 1st quarter. Xponance Inc. now owns 5,405 shares of the company’s stock worth $248,000 after purchasing an additional 291 shares during the last quarter. VELA Investment Management LLC lifted its stake in shares of Cactus by 96.5% during the 1st quarter. VELA Investment Management LLC now owns 64,282 shares of the company’s stock worth $2,946,000 after purchasing an additional 31,564 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Cactus by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 365,477 shares of the company’s stock worth $16,750,000 after purchasing an additional 8,164 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Cactus during the 1st quarter worth $447,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

Cactus stock opened at $43.57 on Monday. The stock has a 50-day moving average of $44.18 and a two-hundred day moving average of $47.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.47 and a current ratio of 4.85. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The stock has a market cap of $3.48 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 3.83 and a beta of 1.48.

Cactus (NYSE:WHD) last released 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 18.99% and a net margin of 16.78%. The company had revenue of $280.32 million during the quarter, compared to analysts’ expectations of $272.22 million. During the same period last year, the business posted $0.75 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

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%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WHD shares. Stifel Nicolaus decreased their price objective on Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Barclays decreased their price objective on Cactus from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, June 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th.

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.