Proficio Capital Partners LLC Makes New Investment in Cactus, Inc. (NYSE:WHD)

Proficio Capital Partners LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,819 shares of the company's stock, valued at approximately $1,332,000.

Several other large investors have also bought and sold shares of WHD. Smartleaf Asset Management LLC lifted its holdings in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Quest Partners LLC bought a new position in Cactus in the 3rd quarter valued at approximately $34,000. Versant Capital Management Inc lifted its stake in 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 last quarter. Jones Financial Companies Lllp boosted its position in 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 in the last quarter. Finally, 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 buying an additional 1,059 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Cactus Trading Up 3.0 %

Shares of NYSE:WHD traded up $1.39 during mid-day trading on Monday, reaching $47.31. 782,629 shares of the company's stock were exchanged, compared to its average volume of 704,227. 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 twelve month low of $43.27 and a twelve month high of $70.01. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 5.13 and a beta of 2.05. The business's fifty day moving average price is $56.18 and its 200-day moving average price is $59.74.

Cactus (NYSE:WHD - Get Free Report) last announced 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). 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, research 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 was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio is presently 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.