Keybank National Association OH Sells 943 Shares of Cactus, Inc. (NYSE:WHD)

Keybank National Association OH decreased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,092 shares of the company’s stock after selling 943 shares during the period. Keybank National Association OH’s holdings in Cactus were worth $414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after buying an additional 223 shares during the period. Quest Partners LLC bought a new stake in Cactus during the third quarter valued at $34,000. Versant Capital Management Inc boosted its stake in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the period. Jones Financial Companies Lllp boosted its stake in Cactus by 66.9% during 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, Sanctuary Advisors LLC bought a new stake in Cactus during the third quarter valued at $177,000. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Up 1.0 %

Shares of WHD stock opened at $47.36 on Monday. 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 business has a 50-day moving average price of $58.91 and a two-hundred day moving average price of $60.69. Cactus, Inc. has a 12-month low of $45.94 and a 12-month high of $70.01. The firm has a market cap of $3.77 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Equities analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price objective on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.00.

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.