Barclays PLC Acquires 1,076 Shares of Cactus, Inc. (NYSE:WHD)

Barclays PLC increased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,638 shares of the company’s stock after purchasing an additional 1,076 shares during the period. Barclays PLC owned approximately 0.16% of Cactus worth $7,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund lifted its stake in Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock valued at $2,183,000 after buying an additional 169 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after acquiring an additional 180 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after purchasing an additional 200 shares during the period. Nisa Investment Advisors LLC increased its holdings in Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after purchasing an additional 221 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WHD shares. Stifel Nicolaus decreased their price objective on Cactus from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Barclays decreased their price target 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 investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.80.

Cactus Stock Up 3.9 %

WHD stock opened at $38.76 on Friday. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 5.13 and a beta of 1.74. 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 business has a 50 day moving average price of $45.19 and a two-hundred day moving average price of $56.27.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus 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.