Cactus, Inc. (NYSE:WHD) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 32.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,203 shares of the company's stock after purchasing an additional 14,141 shares during the period. Vest Financial LLC owned about 0.07% of Cactus worth $2,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oarsman Capital Inc. purchased a new position in Cactus during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 223 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 337 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Cactus in the 4th quarter valued at $76,000. Finally, AlphaQuest LLC lifted its position in shares of 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 buying an additional 1,142 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Cactus stock traded up $0.26 during mid-day trading on Wednesday, reaching $47.18. The company had a trading volume of 459,330 shares, compared to its average volume of 792,207. The stock's 50-day simple moving average is $40.41 and its 200-day simple moving average is $51.47. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market capitalization of $3.77 billion, a P/E ratio of 16.74, a P/E/G ratio of 5.13 and a beta of 1.49.

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

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. Cactus's dividend payout ratio (DPR) is 18.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays raised shares of Cactus from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $51.00 to $54.00 in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus decreased their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.50.

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.