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

Emerald Advisers LLC trimmed its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,061 shares of the company's stock after selling 114,254 shares during the period. Emerald Advisers LLC owned 0.24% of Cactus worth $8,848,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WHD. Oarsman Capital Inc. acquired a new position in Cactus during the 4th quarter valued at $26,000. Jones Financial Companies Lllp boosted its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares during the period. Meeder Asset Management Inc. bought a new stake in Cactus in the 4th quarter valued at $76,000. AlphaQuest LLC boosted its holdings in Cactus by 202.5% in the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after purchasing an additional 1,142 shares during the period. Finally, KBC Group NV boosted its holdings in Cactus by 11.9% in the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after purchasing an additional 360 shares during the period. 85.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WHD. JPMorgan Chase & Co. reduced their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Stifel Nicolaus reduced their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Barclays reduced their price objective on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Friday, June 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $52.40.

Cactus Price Performance

Shares of NYSE:WHD traded down $0.06 during midday trading on Friday, reaching $45.92. 461,133 shares of the company's stock were exchanged, compared to its average volume of 702,701. The company's 50 day simple moving average is $43.88 and its two-hundred day simple moving average is $48.55. The firm has a market capitalization of $3.67 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.48. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.47 and a current ratio of 4.85.

Cactus (NYSE:WHD - Get Free Report) last announced its 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 business had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Equities research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, June 2nd. Cactus's dividend payout ratio (DPR) is currently 18.51%.

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.