Aquatic Capital Management LLC Purchases New Holdings in Cactus, Inc. (NYSE:WHD)

Aquatic Capital Management LLC purchased a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,127 shares of the company's stock, valued at approximately $1,116,000.

A number of other institutional investors also recently modified their holdings of WHD. Oarsman Capital Inc. purchased a new stake in shares of Cactus during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 223 shares during the last quarter. Versant Capital Management Inc raised its position in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after purchasing an additional 359 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Cactus by 66.9% during 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 during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cactus in the fourth quarter worth about $76,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Trading Up 1.1 %

NYSE WHD traded up $0.44 during trading on Tuesday, hitting $40.41. The company had a trading volume of 94,783 shares, compared to its average volume of 785,734. The company's fifty day moving average is $42.46 and its 200-day moving average is $55.08. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. 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 company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Cactus's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.29%. Cactus's dividend payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Barclays decreased their price objective on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $52.33.

Cactus 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.