Cactus, Inc. (NYSE:WHD) Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 46.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,087 shares of the company's stock after buying an additional 6,400 shares during the period. ProShare Advisors LLC's holdings in Cactus were worth $1,172,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Oarsman Capital Inc. acquired a new position in shares of Cactus during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC lifted its position in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Cactus by 66.9% during 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. acquired a new position in Cactus during the 4th quarter valued at about $76,000. Finally, AlphaQuest LLC increased its stake in shares of Cactus by 202.5% in the fourth 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. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on Cactus from $54.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Barclays cut their target price on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price target on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cactus has a consensus rating of "Hold" and a consensus target price of $52.33.

Cactus Price Performance

NYSE:WHD traded down $0.64 during midday trading on Wednesday, hitting $41.55. 62,400 shares of the stock were exchanged, compared to its average volume of 795,771. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 5.13 and a beta of 1.50. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The business has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $53.05.

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

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, June 2nd. Cactus's payout ratio is 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.