Ethic Inc. Buys Shares of 5,636 Cactus, Inc. (NYSE:WHD)

Ethic Inc. bought a new stake in shares of Cactus, Inc. (NYSE:WHD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,636 shares of the company’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after purchasing an additional 169 shares during the period. State of Tennessee Department of Treasury increased its stake in Cactus by 0.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock worth $2,091,000 after buying an additional 177 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Cactus by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after buying an additional 180 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Cactus by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock valued at $916,000 after buying an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Down 0.6%

Cactus stock opened at $43.58 on Friday. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.47 billion, a P/E ratio of 15.45, a P/E/G ratio of 5.13 and a beta of 1.50. The business has a fifty day moving average of $41.36 and a two-hundred day moving average of $54.14. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01.

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

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus’s dividend payout ratio is currently 18.51%.

Wall Street Analyst Weigh In

WHD has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their price objective on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Barclays lowered their target price on Cactus from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cactus presently has a consensus rating of “Hold” and a consensus target price of $52.33.

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.