2 weeks Ago By ABMN Staff
Bank of Montreal Can increased its position in shares of Cactus, Inc. ( NYSE:WHD – Free Report ) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 8,013 shares of the company’s stock after purchasing an additional 903 shares during the period. Bank of Montreal Can’s holdings in Cactus were worth $468,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also added to or reduced their stakes in the company.
Barclays PLC grew its stake in shares of Cactus by 429.4% in the third quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after acquiring an additional 100,223 shares in the last quarter.
Sanctuary Advisors LLC acquired a new position in shares of Cactus during the 3rd quarter worth approximately $177,000. Tidal Investments LLC grew its position in shares of Cactus by 9.1% during the 3rd quarter.
Tidal Investments LLC now owns 31,204 shares of the company’s stock worth $1,862,000 after purchasing an additional 2,591 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Cactus by 4.
8% in the third quarter. Principal Financial Group Inc. now owns 342,278 shares of the company’s stock valued at $20,424,000 after buying an additional 15,760 shares in the last quarter.
Finally, JPMorgan Chase & Co. boosted its stake in shares of Cactus by 1.7% in the third quarter.
JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after buying an additional 52,085 shares during the period. 85.
11% of the stock is currently owned by institutional investors. Cactus Stock Performance Cactus stock opened at $36.90 on Tuesday.
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 stock has a market cap of $2.94 billion, a PE ratio of 13.
09, a P/E/G ratio of 5.13 and a beta of 1.74.
Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.
01. The business’s 50-day moving average price is $46.52 and its two-hundred day moving average price is $56.
71. Analyst Upgrades and Downgrades A number of research firms have commented on WHD. Stifel Nicolaus lowered their price objective on Cactus from $64.
00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Barclays cut their price objective on shares of Cactus from $61.
00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.80.
Get Our Latest Research Report on Cactus About Cactus ( Free Report ) 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.
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