Fisher Asset Management LLC Acquires 216,543 Shares of Cactus, Inc. (NYSE:WHD)

Fisher Asset Management LLC lifted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 546,987 shares of the company's stock after purchasing an additional 216,543 shares during the period. Fisher Asset Management LLC owned 0.69% of Cactus worth $31,922,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Cactus during the third quarter worth approximately $34,000. Versant Capital Management Inc lifted its stake 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 purchasing an additional 359 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Cactus in the 3rd quarter worth $177,000. KBC Group NV grew its stake in shares of Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company's stock worth $176,000 after purchasing an additional 1,059 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock valued at $188,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Stock Down 2.4 %

WHD stock traded down $1.12 during mid-day trading on Thursday, hitting $46.29. 402,287 shares of the company were exchanged, compared to its average volume of 547,205. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 1-year low of $45.26 and a 1-year high of $70.01. The firm's 50 day simple moving average is $59.33 and its 200 day simple moving average is $60.84. The firm 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 1.97.

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Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 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 analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus's dividend payout ratio is presently 18.84%.

Analyst Ratings Changes

Separately, Barclays decreased their target price on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cactus has a consensus rating of "Hold" and a consensus target price of $55.00.

About Cactus

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.