Susquehanna Fundamental Investments LLC Invests $935,000 in Cactus, Inc. (NYSE:WHD)

Susquehanna Fundamental Investments LLC bought a new position in Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,020 shares of the company's stock, valued at approximately $935,000.

A number of other institutional investors have also made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in shares of Cactus during the fourth quarter worth $3,589,000. Hancock Whitney Corp lifted its holdings in Cactus by 7.4% in the fourth quarter. Hancock Whitney Corp now owns 4,009 shares of the company's stock worth $234,000 after acquiring an additional 277 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Cactus by 20.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 8,741 shares of the company's stock valued at $510,000 after acquiring an additional 1,475 shares during the period. MGO One Seven LLC acquired a new position in Cactus in the fourth quarter valued at approximately $357,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Cactus by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,854 shares of the company's stock valued at $2,793,000 after purchasing an additional 5,070 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Price Performance

Shares of NYSE WHD traded down $0.16 during mid-day trading on Tuesday, reaching $39.81. 532,881 shares of the company traded hands, compared to its average volume of 787,406. Cactus, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The firm has a market cap of $3.17 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The stock has a fifty day simple moving average of $42.46 and a 200-day simple moving average of $55.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Equities research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal 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 given a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.31%. Cactus's dividend payout ratio (DPR) is 18.51%.

Wall Street Analyst Weigh In

WHD has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Barclays lowered their target price on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.33.

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.