New Age Alpha Advisors LLC Buys New Holdings in Cactus, Inc. (NYSE:WHD)

New Age Alpha Advisors LLC acquired a new stake in Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,422 shares of the company's stock, valued at approximately $3,410,000. New Age Alpha Advisors LLC owned 0.07% of Cactus as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund increased its position in shares of Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after buying an additional 169 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after purchasing an additional 200 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock valued at $197,000 after purchasing an additional 221 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after purchasing an additional 223 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Cactus by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock valued at $220,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

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Cactus Trading Up 0.9 %

WHD traded up $0.43 during trading on Wednesday, hitting $46.76. The company's stock had a trading volume of 265,728 shares, compared to its average volume of 656,440. Cactus, Inc. has a twelve month low of $43.27 and a twelve month high of $70.01. The stock has a market cap of $3.72 billion, a PE ratio of 16.58, a PEG ratio of 5.13 and a beta of 2.05. The firm's 50 day moving average price is $53.92 and its 200-day moving average price is $59.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD - Get Free Report) last released its 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). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. On average, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. Cactus's payout ratio is 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. One investment 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. According to MarketBeat, Cactus presently has an average rating of "Hold" and an average target price of $55.00.

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.