Moody Aldrich Partners LLC Trims Position in Cactus, Inc. (NYSE:WHD)

by · The Cerbat Gem

Moody Aldrich Partners LLC decreased its position in shares of Cactus, Inc. (NYSE:WHD – Free Report) by 38.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,758 shares of the company’s stock after selling 46,796 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Cactus were worth $3,380,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in Cactus by 535.8% in the 1st quarter. SG Americas Securities LLC now owns 14,413 shares of the company’s stock worth $661,000 after buying an additional 12,146 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Cactus by 20.6% in the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company’s stock valued at $17,935,000 after acquiring an additional 52,552 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cactus by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after acquiring an additional 13,669 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Cactus during the fourth quarter worth about $16,377,000. Finally, Axiom Investors LLC DE grew its position in shares of Cactus by 26.0% during the fourth quarter. Axiom Investors LLC DE now owns 149,317 shares of the company’s stock worth $8,714,000 after purchasing an additional 30,851 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WHD shares. Stifel Nicolaus lowered their price target on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Finally, Barclays lowered their target price on shares of Cactus from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cactus presently has a consensus rating of “Hold” and a consensus target price of $52.33.

View Our Latest Analysis on WHD

Cactus Trading Up 0.0%

Shares of WHD stock opened at $45.27 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 16.11 and a beta of 1.48. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01. The stock’s 50-day moving average price is $43.13 and its 200-day moving average price is $49.13.

Cactus (NYSE:WHD – Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business 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 18.99% and a net margin of 16.78%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Equities research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus’s dividend payout ratio is presently 18.51%.

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.

See Also

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