2 weeks Ago By Defense World Staff
LPL Financial LLC lifted its position in shares of Cactus, Inc. ( NYSE:WHD – Free Report ) by 25.2% in the fourth quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 12,689 shares of the company’s stock after buying an additional 2,553 shares during the quarter. LPL Financial LLC’s holdings in Cactus were worth $741,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of WHD.
Raymond James Financial Inc. acquired a new stake in Cactus in the 4th quarter worth about $16,377,000. Fisher Asset Management LLC raised its position in shares of Cactus by 65.
5% in the fourth quarter. Fisher Asset Management LLC now owns 546,987 shares of the company’s stock valued at $31,922,000 after buying an additional 216,543 shares in the last quarter. Assenagon Asset Management S.
A. boosted its stake in shares of Cactus by 394.0% in the fourth quarter.
Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock valued at $9,338,000 after buying an additional 127,614 shares during the period.
Barclays PLC raised its holdings in Cactus by 429.4% in the 3rd 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.
Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Cactus by 36.6% during the 4th quarter.
Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock valued at $21,240,000 after acquiring an additional 97,570 shares during the period. Institutional investors own 85.
11% of the company’s stock. Analysts Set New Price Targets A number of research analysts recently commented on WHD shares. Barclays dropped their price target on Cactus from $61.
00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus cut their price target on shares of Cactus from $64.
00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. One 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.80. Cactus Stock Performance Cactus stock opened at $37.
37 on Wednesday. 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.
97 billion, a PE ratio of 13.25, 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.
07 and its two-hundred day moving average price is $56.58. Cactus ( NYSE:WHD – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 26th.
The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.
01). The company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.
59 million. Cactus had a net margin of 16.57% and a return on equity of 20.
24%. As a group, analysts expect that Cactus, Inc. will post 3.
08 earnings per share for the current fiscal year. Cactus Company Profile ( 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. See Also Five stocks we like better than Cactus Growth Stocks: What They Are, What They Are Not How to Invest in Micro-Cap Stocks Like a Pro CD Calculator: Certificate of Deposit Calculator Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What Are Trending Stocks? Trending Stocks Explained Take-Two Interactive: A Defensive Play Set to Explode Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter .
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