Cactus Inc (NYSE:WHD) Shares Bought by Globeflex Capital L P

Globeflex Capital L P grew its position in Cactus Inc (NYSE:WHD) by 77.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,435 shares of the company’s stock after acquiring an additional 31,507 shares during the period. Cactus accounts for 0.5% of Globeflex Capital L P’s portfolio, making the stock its 28th largest holding. Globeflex Capital L P owned about 0.10% of Cactus worth $2,773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WHD. Legal & General Group Plc bought a new position in Cactus in the 1st quarter worth approximately $111,000. Royal Bank of Canada bought a new position in Cactus in the 1st quarter worth approximately $115,000. Macquarie Group Ltd. bought a new position in Cactus in the 2nd quarter worth approximately $199,000. Raymond James & Associates bought a new position in Cactus in the 2nd quarter worth approximately $212,000. Finally, State of Wisconsin Investment Board bought a new position in Cactus in the 2nd quarter worth approximately $237,000. Institutional investors own 50.74% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Thursday, October 4th. Citigroup set a $42.00 price objective on shares of Cactus and gave the stock a “buy” rating in a research report on Friday, November 2nd. ValuEngine lowered shares of Cactus from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Morgan Stanley began coverage on shares of Cactus in a report on Tuesday, September 18th. They set an “overweight” rating and a $42.00 target price for the company. Finally, Johnson Rice raised shares of Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $39.40.

WHD opened at $30.11 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.28. Cactus Inc has a 52 week low of $19.18 and a 52 week high of $40.97. The firm has a market cap of $2.16 billion and a price-to-earnings ratio of 0.02.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Cactus had a net margin of 11.31% and a return on equity of 51.28%. The firm had revenue of $150.70 million during the quarter, compared to analyst estimates of $146.35 million. The business’s quarterly revenue was up 57.0% compared to the same quarter last year. Equities analysts expect that Cactus Inc will post 1.79 EPS for the current year.

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Cactus Profile

Cactus, Inc engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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