Tidal Investments LLC Has $1.31 Million Stake in Cactus, Inc. (NYSE:WHD)

Tidal Investments LLC lessened its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 28.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,430 shares of the company's stock after selling 8,774 shares during the quarter. Tidal Investments LLC's holdings in Cactus were worth $1,309,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WHD. Oarsman Capital Inc. acquired a new position in Cactus during the fourth quarter worth $26,000. Smartleaf Asset Management LLC grew 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 purchasing an additional 223 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after purchasing an additional 337 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Cactus during the 4th quarter valued at about $76,000. Finally, AlphaQuest LLC lifted its holdings in Cactus by 202.5% during 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 last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WHD shares. JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays reduced their target price on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.00.

Cactus Price Performance

WHD traded down $0.62 during midday trading on Friday, hitting $41.28. The company had a trading volume of 81,994 shares, compared to its average volume of 796,015. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The company has a market capitalization of $3.30 billion, a PE ratio of 14.69, a P/E/G ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm's 50-day simple moving average is $40.66 and its 200-day simple moving average is $52.79.

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

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.26%. 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.