Proficio Capital Partners LLC Takes $1.33 Million Position in Cactus, Inc. (NYSE:WHD)

Proficio Capital Partners LLC bought a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,819 shares of the company's stock, valued at approximately $1,332,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WHD. Weiss Asset Management LP bought a new position in Cactus in the 3rd quarter valued at $13,647,000. Bridgewater Associates LP bought a new stake in Cactus during the 3rd quarter valued at about $9,501,000. Assenagon Asset Management S.A. grew its stake in Cactus by 394.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company's stock worth $9,338,000 after acquiring an additional 127,614 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cactus by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after acquiring an additional 106,819 shares during the period. Finally, Barclays PLC raised its stake in shares of Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company's stock valued at $7,373,000 after acquiring an additional 100,223 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cactus has a consensus rating of "Hold" and a consensus target price of $55.00.

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Cactus Stock Up 3.2 %

Shares of NYSE:WHD traded up $1.44 on Tuesday, reaching $46.68. The company had a trading volume of 1,030,511 shares, compared to its average volume of 576,274. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.71 billion, a PE ratio of 16.55, a PEG ratio of 5.13 and a beta of 2.05. Cactus, Inc. has a 52-week low of $44.90 and a 52-week high of $70.01. The firm's 50 day simple moving average is $58.67 and its 200-day simple moving average is $60.60.

Cactus (NYSE:WHD - Get Free Report) last released 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). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $272.12 million for the quarter, compared to analysts' expectations of $277.59 million. As a group, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.11%. Cactus's dividend payout ratio (DPR) 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.