Emerald Advisers LLC Grows Stake in Cactus, Inc. (NYSE:WHD)

Emerald Advisers LLC raised its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 20.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 307,315 shares of the company's stock after purchasing an additional 52,552 shares during the period. Emerald Advisers LLC owned 0.39% of Cactus worth $17,935,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings 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 3rd quarter valued at $34,000. Versant Capital Management Inc increased its holdings in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares during the period. Jones Financial Companies Lllp raised its position in shares of Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after acquiring an additional 337 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after purchasing an additional 1,142 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays cut their target price on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.00.

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Cactus Stock Down 1.2 %

Shares of Cactus stock traded down $0.58 during trading on Thursday, reaching $46.57. The company's stock had a trading volume of 339,935 shares, compared to its average volume of 703,090. Cactus, Inc. has a 1-year low of $43.27 and a 1-year high of $70.01. The company has a 50-day simple moving average of $54.98 and a two-hundred day simple moving average of $59.45. 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 company has a market cap of $3.71 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, equities analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. Cactus's dividend payout ratio is currently 18.84%.

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.