Moody Aldrich Partners LLC Sells 3,471 Shares of Cactus, Inc. (NYSE:WHD)

Moody Aldrich Partners LLC reduced its position in shares of Cactus, Inc. (NYSE:WHD) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,554 shares of the company’s stock after selling 3,471 shares during the period. Cactus accounts for approximately 1.3% of Moody Aldrich Partners LLC’s holdings, making the stock its 19th biggest position. Moody Aldrich Partners LLC owned about 0.15% of Cactus worth $7,036,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Cactus during the 3rd quarter worth $34,000. Versant Capital Management Inc boosted its holdings in shares of Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the period. GAMMA Investing LLC raised its stake in Cactus by 81.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock valued at $146,000 after purchasing an additional 1,096 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Cactus during the 3rd quarter valued at $177,000. Finally, KBC Group NV raised its stake in Cactus by 54.2% during the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Steven Bender sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares in the company, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the sale, the chief executive officer now directly owns 36,357 shares in the company, valued at approximately $2,230,501.95. This represents a 47.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock worth $8,916,325 in the last quarter. 17.72% of the stock is owned by corporate insiders.

Cactus Trading Down 0.2 %

Shares of WHD stock opened at $61.94 on Wednesday. Cactus, Inc. has a 52-week low of $40.28 and a 52-week high of $70.01. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 5.41 and a beta of 1.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm has a fifty day moving average of $62.46 and a 200-day moving average of $61.13.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. On average, equities research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

Analysts Set New Price Targets

Several research firms recently commented on WHD. Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research note on Monday, November 4th. Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.40.

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.