Emerald Advisers LLC Has $8.85 Million Holdings in Cactus, Inc. (NYSE:WHD)

Emerald Advisers LLC trimmed its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 37.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,061 shares of the company's stock after selling 114,254 shares during the quarter. Emerald Advisers LLC owned 0.24% of Cactus worth $8,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after acquiring an additional 147,395 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cactus by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock worth $105,308,000 after acquiring an additional 45,821 shares during the last quarter. Capital International Investors grew its stake in shares of Cactus by 14.8% in the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after acquiring an additional 218,004 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Cactus by 34.6% in the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock worth $90,841,000 after acquiring an additional 400,452 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cactus by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock worth $72,271,000 after acquiring an additional 43,237 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays reduced their price target on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Friday, June 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th.

Cactus Stock Down 1.4%

Shares of NYSE WHD traded down $0.62 during trading hours on Wednesday, hitting $42.72. The company had a trading volume of 530,700 shares, compared to its average volume of 695,410. The stock has a market capitalization of $3.41 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 3.72 and a beta of 1.48. The company has a quick ratio of 3.47, a current ratio of 4.85 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The firm's 50 day moving average is $44.09 and its 200-day moving average is $48.33.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 18.99% and a net margin of 16.78%. The business had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. During the same quarter in the prior year, the business earned $0.75 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus's dividend payout ratio (DPR) is currently 18.51%.

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.