2 weeks Ago By ABMN Staff
Wells Fargo & Company MN boosted its position in shares of Cactus, Inc. ( NYSE:WHD – Free Report ) by 29.9% during the 4th quarter, according to its most recent 13F filing with the SEC.
The fund owned 34,105 shares of the company’s stock after purchasing an additional 7,845 shares during the quarter. Wells Fargo & Company MN’s holdings in Cactus were worth $1,990,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of the company.
Emerald Advisers LLC boosted its holdings in Cactus by 20.6% in the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company’s stock worth $17,935,000 after purchasing an additional 52,552 shares during the last quarter.
Principal Financial Group Inc. grew its position in shares of Cactus by 4.4% during the fourth quarter.
Principal Financial Group Inc. now owns 357,313 shares of the company’s stock worth $20,853,000 after purchasing an additional 15,035 shares in the last quarter. JPMorgan Chase & Co.
boosted its position in shares of Cactus by 1.7% during the third quarter. JPMorgan Chase & Co.
now owns 3,102,984 shares of the company’s stock worth $185,155,000 after acquiring an additional 52,085 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cactus by 2.
0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after purchasing an additional 13,669 shares during the last quarter.
Finally, Raymond James Financial Inc. bought a new position in shares of Cactus during the 4th quarter valued at approximately $16,377,000. 85.
11% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several research analysts recently commented on WHD shares. Stifel Nicolaus dropped their price target on Cactus from $64.
00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Barclays reduced their target price on shares of Cactus from $61.
00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. 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.
According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.80. Cactus Price Performance WHD opened at $38.
90 on Friday. 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 firm has a market capitalization of $3.
10 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 5.13 and a beta of 1.
74. The business’s 50-day moving average is $44.75 and its two-hundred day moving average is $56.
11. Cactus, Inc. has a 1 year low of $33.
80 and a 1 year high of $70.01. Cactus ( NYSE:WHD – Get Free Report ) last released its quarterly earnings results on Wednesday, February 26th.
The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.
01). The business had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.
59 million. Cactus had a net margin of 16.57% and a return on equity of 20.
24%. Research analysts anticipate 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. Read More Want to see what other hedge funds are holding WHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cactus, Inc.
( NYSE:WHD – Free Report ). 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 .
.
