22,819 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Cactus, Inc. (NYSE:WHD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,819 shares of the company’s stock, valued at approximately $1,332,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its position in Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after buying an additional 169 shares in the last quarter. New York State Teachers Retirement System lifted its position in Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after buying an additional 221 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Cactus by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock worth $2,182,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays cut their target price on shares of 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cactus currently has an average rating of “Hold” and a consensus target price of $55.00.

Cactus Stock Down 0.8 %

Cactus stock opened at $46.44 on Friday. The company has a market capitalization of $3.70 billion, a P/E ratio of 16.47, a P/E/G ratio of 5.13 and a beta of 2.05. The firm’s fifty day simple moving average is $56.45 and its 200-day simple moving average is $59.80. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 1-year low of $43.27 and a 1-year high of $70.01.

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

Cactus Announces Dividend

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

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.