Dynamic Technology Lab Private Ltd bought a new stake in Cactus Inc (NYSE:WHD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,051 shares of the company’s stock, valued at approximately $322,000.
A number of other large investors have also recently modified their holdings of the business. State of Wisconsin Investment Board lifted its stake in Cactus by 81.8% in the first quarter. State of Wisconsin Investment Board now owns 236,978 shares of the company’s stock valued at $8,436,000 after acquiring an additional 106,628 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Cactus by 21,593.7% in the first quarter. Federated Investors Inc. PA now owns 173,333 shares of the company’s stock valued at $6,171,000 after acquiring an additional 172,534 shares during the last quarter. AJO LP acquired a new stake in Cactus in the first quarter valued at $728,000. NumerixS Investment Technologies Inc acquired a new stake in Cactus in the first quarter valued at $696,000. Finally, Swiss National Bank lifted its stake in Cactus by 25.5% in the first quarter. Swiss National Bank now owns 83,600 shares of the company’s stock valued at $2,976,000 after acquiring an additional 17,000 shares during the last quarter. 61.86% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on WHD shares. Barclays set a $40.00 price target on shares of Cactus and gave the company a “sell” rating in a research note on Friday, March 8th. Raymond James increased their price target on shares of Cactus from $39.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Friday, March 8th. Citigroup increased their price target on shares of Cactus from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Royal Bank of Canada increased their price target on shares of Cactus from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Finally, Zacks Investment Research upgraded shares of Cactus from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.55.
Shares of WHD opened at $31.12 on Friday. The stock has a market capitalization of $2.34 billion, a PE ratio of 16.21, a P/E/G ratio of 0.59 and a beta of 1.27. Cactus Inc has a fifty-two week low of $24.60 and a fifty-two week high of $40.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.46 and a current ratio of 3.75.
Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $158.88 million for the quarter, compared to analyst estimates of $153.04 million. Cactus had a net margin of 12.71% and a return on equity of 35.71%. Equities research analysts anticipate that Cactus Inc will post 2.03 EPS for the current fiscal year.
Cactus Company Profile
Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.
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