Chesapeake Capital Corp IL Sells 8,716 Shares of Cactus, Inc. (NYSE:WHD)

Chesapeake Capital Corp IL reduced its holdings in shares of Cactus, Inc. (NYSE:WHD) by 44.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,949 shares of the company’s stock after selling 8,716 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Cactus were worth $639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WHD. Raymond James Financial Inc. bought a new position in shares of Cactus during the 4th quarter valued at approximately $16,377,000. Weiss Asset Management LP bought a new position in Cactus during the third quarter valued at $13,647,000. Fisher Asset Management LLC grew its holdings in Cactus by 65.5% during the fourth quarter. Fisher Asset Management LLC now owns 546,987 shares of the company’s stock valued at $31,922,000 after purchasing an additional 216,543 shares during the period. Bridgewater Associates LP purchased a new stake in Cactus in the third quarter worth $9,501,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Cactus by 394.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock valued at $9,338,000 after buying an additional 127,614 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Trading Up 1.3 %

NYSE:WHD opened at $46.28 on Wednesday. Cactus, Inc. has a 1 year low of $43.27 and a 1 year high of $70.01. The stock’s fifty day moving average price is $56.97 and its two-hundred day moving average price is $59.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market cap of $3.68 billion, a P/E ratio of 16.41, a P/E/G ratio of 5.13 and a beta of 2.05.

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

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.12%. Cactus’s dividend payout ratio is currently 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays cut their price target 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.00.

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.