2 weeks Ago By Defense World Staff
Wells Fargo & Company MN lifted its position in shares of Cactus, Inc. ( NYSE:WHD – Free Report ) by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 34,105 shares of the company’s stock after purchasing an additional 7,845 shares during the period. Wells Fargo & Company MN’s holdings in Cactus were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in WHD.
Barclays PLC increased its position in shares of Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company’s stock worth $7,373,000 after buying an additional 100,223 shares during the period.
Sanctuary Advisors LLC bought a new stake in Cactus during the third quarter worth $177,000. Tidal Investments LLC raised its holdings in shares of Cactus by 9.1% in the third quarter.
Tidal Investments LLC now owns 31,204 shares of the company’s stock valued at $1,862,000 after purchasing an additional 2,591 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Cactus by 4.
8% during the 3rd quarter. Principal Financial Group Inc. now owns 342,278 shares of the company’s stock worth $20,424,000 after buying an additional 15,760 shares in the last quarter.
Finally, JPMorgan Chase & Co. grew its stake in Cactus by 1.7% in the 3rd quarter.
JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after purchasing an additional 52,085 shares during the period. Institutional investors and hedge funds own 85.
11% of the company’s stock. Wall Street Analyst Weigh In A number of equities research analysts recently commented on WHD shares. Stifel Nicolaus lowered their price target on shares of Cactus from $64.
00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Barclays reduced 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 note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and a consensus target price of $53.80.
Cactus Stock Up 0.4 % Shares of NYSE 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. Cactus, Inc. has a one year low of $33.
80 and a one year high of $70.01. The firm’s 50 day simple moving average is $44.
75 and its two-hundred day simple moving average is $56.11. The stock has a market capitalization of $3.
10 billion, a P/E ratio of 13.79, a PEG ratio of 5.13 and a beta of 1.
74. Cactus ( NYSE:WHD – Get Free Report ) last posted 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).
Cactus had a net margin of 16.57% and a return on equity of 20.24%.
The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million.
As a group, analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.
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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