BNP Paribas Arbitrage SA Increases Stake in Cactus Inc (WHD)

BNP Paribas Arbitrage SA grew its stake in shares of Cactus Inc (NYSE:WHD) by 814.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,308 shares of the company’s stock after buying an additional 8,290 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Cactus were worth $331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Cactus by 43.7% during the third quarter. Vanguard Group Inc. now owns 3,198,471 shares of the company’s stock valued at $122,438,000 after purchasing an additional 973,085 shares during the period. FMR LLC raised its holdings in shares of Cactus by 8.3% during the fourth quarter. FMR LLC now owns 2,072,007 shares of the company’s stock valued at $56,794,000 after purchasing an additional 157,952 shares during the period. Millennium Management LLC raised its holdings in shares of Cactus by 1.0% during the fourth quarter. Millennium Management LLC now owns 1,690,127 shares of the company’s stock valued at $46,326,000 after purchasing an additional 16,863 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Cactus by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 836,182 shares of the company’s stock valued at $22,920,000 after purchasing an additional 9,837 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Cactus by 27.3% during the fourth quarter. Brown Advisory Inc. now owns 829,557 shares of the company’s stock valued at $22,739,000 after purchasing an additional 177,814 shares during the period. Hedge funds and other institutional investors own 52.51% of the company’s stock.

In other news, VP Steven Bender sold 228,880 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $35.93, for a total transaction of $8,223,658.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Bender sold 1,935,639 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $35.93, for a total transaction of $69,547,509.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,173,649 shares of company stock valued at $78,099,209. 96.10% of the stock is currently owned by insiders.

NYSE:WHD opened at $34.08 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.60 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.15. Cactus Inc has a one year low of $24.60 and a one year high of $40.97.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $158.88 million during the quarter, compared to the consensus estimate of $153.04 million. Cactus had a net margin of 12.71% and a return on equity of 35.71%. On average, equities analysts predict that Cactus Inc will post 2.03 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on WHD shares. Barclays reiterated a “buy” rating and set a $41.00 price objective on shares of Cactus in a report on Monday, May 6th. Royal Bank of Canada set a $43.00 target price on shares of Cactus and gave the stock a “buy” rating in a research report on Friday, May 3rd. Raymond James set a $45.00 target price on shares of Cactus and gave the stock a “buy” rating in a research report on Friday, May 3rd. Bank of America reissued a “buy” rating and set a $48.00 target price (up from $42.00) on shares of Cactus in a research report on Tuesday, April 16th. Finally, Zacks Investment Research raised shares of Cactus from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.55.

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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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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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