American Century Companies Inc. Sells 1,311,272 Shares of Cactus, Inc. (NYSE:WHD)

American Century Companies Inc. trimmed its holdings in Cactus, Inc. (NYSE:WHD) by 57.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 955,911 shares of the company’s stock after selling 1,311,272 shares during the period. American Century Companies Inc. owned about 1.20% of Cactus worth $55,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares during the period. Quest Partners LLC acquired a new stake in Cactus during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc lifted its stake in Cactus by 165.4% in 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cactus by 66.9% in 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, AlphaQuest LLC increased its position in shares of Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cactus Stock Performance

Shares of WHD stock opened at $47.17 on Thursday. The firm has a market cap of $3.75 billion, a PE ratio of 16.73, a P/E/G ratio of 5.13 and a beta of 2.05. Cactus, Inc. has a 12 month low of $43.27 and a 12 month high of $70.01. The company’s fifty day simple moving average is $55.32 and its 200-day simple moving average is $59.54. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

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

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. Cactus’s dividend payout ratio is 18.84%.

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.