Cactus, Inc. (NYSE:WHD) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors raised its position in shares of Cactus, Inc. (NYSE:WHD) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,466 shares of the company’s stock after buying an additional 45,863 shares during the quarter. Capital Research Global Investors owned about 0.54% of Cactus worth $25,005,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Cactus by 429.4% during 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. Sanctuary Advisors LLC acquired a new stake in shares of Cactus during the third quarter worth $177,000. Tidal Investments LLC lifted its position in shares of Cactus by 9.1% in the 3rd quarter. Tidal Investments LLC now owns 31,204 shares of the company’s stock worth $1,862,000 after buying an additional 2,591 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Cactus by 4.8% in 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Cactus by 1.7% during the 3rd 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 last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WHD shares. Barclays cut their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus reduced their price objective on Cactus from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.80.

Cactus Stock Down 2.4 %

Shares of Cactus stock opened at $36.90 on Tuesday. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The company has a market capitalization of $2.94 billion, a P/E ratio of 13.09, a PEG ratio of 5.13 and a beta of 1.74. The business’s fifty day moving average price is $46.52 and its two-hundred day moving average price is $56.71. 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 (NYSE:WHD) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (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 company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. As a group, research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Company 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.