Emerald Mutual Fund Advisers Trust Has $5.70 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,407 shares of the company's stock after selling 28,747 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.16% of Cactus worth $5,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WHD. First Trust Advisors LP boosted its stake in Cactus by 34.6% in the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after acquiring an additional 400,452 shares during the last quarter. Federated Hermes Inc. bought a new position in Cactus in the fourth quarter valued at approximately $19,235,000. Raymond James Financial Inc. bought a new position in Cactus in the fourth quarter valued at approximately $16,377,000. Point72 Asset Management L.P. bought a new position in Cactus in the fourth quarter valued at approximately $14,285,000. Finally, Tudor Investment Corp ET AL boosted its stake in Cactus by 487.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company's stock valued at $16,473,000 after acquiring an additional 234,191 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

WHD has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.40.

Cactus Stock Down 2.7%

WHD traded down $1.22 during trading on Tuesday, hitting $43.35. The company had a trading volume of 483,620 shares, compared to its average volume of 701,220. The company has a market capitalization of $3.46 billion, a PE ratio of 15.43, a PEG ratio of 3.94 and a beta of 1.48. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The firm's 50-day moving average price is $43.88 and its 200 day moving average price is $48.49. 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 (NYSE:WHD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same period in the previous year, the business earned $0.75 EPS. The company's revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.13 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.20%. Cactus's dividend payout ratio is presently 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.