Emerald Advisers LLC Buys 52,552 Shares of Cactus, Inc. (NYSE:WHD)

Emerald Advisers LLC lifted its stake in shares of Cactus, Inc. (NYSE:WHD) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 307,315 shares of the company’s stock after acquiring an additional 52,552 shares during the period. Emerald Advisers LLC owned approximately 0.39% of Cactus worth $17,935,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WHD. Raymond James Financial Inc. purchased a new position in Cactus in the 4th quarter worth $16,377,000. Weiss Asset Management LP purchased a new position in shares of Cactus in the third quarter valued at about $13,647,000. Fisher Asset Management LLC raised its position in Cactus by 65.5% during the 4th quarter. Fisher Asset Management LLC now owns 546,987 shares of the company’s stock valued at $31,922,000 after purchasing an additional 216,543 shares during the last quarter. Bridgewater Associates LP bought a new position in shares of Cactus during the third quarter valued at approximately $9,501,000. Finally, Vanguard Group Inc. raised its holdings in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company’s stock worth $448,247,000 after purchasing an additional 147,395 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays lowered their target price on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.00.

Cactus Trading Down 0.9 %

NYSE:WHD opened at $45.98 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 5.13 and a beta of 2.05. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $56.18 and its 200-day moving average price is $59.72.

Cactus (NYSE:WHD) last issued its 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). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. On average, equities research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s 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.