Capital Research Global Investors Has $25.01 Million Holdings in Cactus, Inc. (NYSE:WHD)

Capital Research Global Investors boosted its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 428,466 shares of the company's stock after purchasing an additional 45,863 shares during the period. Capital Research Global Investors owned about 0.54% of Cactus worth $25,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WHD. Dimensional Fund Advisors LP raised its stake in shares of Cactus by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock valued at $72,271,000 after purchasing an additional 43,237 shares in the last quarter. First Trust Advisors LP raised its stake in Cactus by 34.6% during the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after buying an additional 400,452 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in Cactus by 64.8% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 144,980 shares of the company's stock worth $8,461,000 after buying an additional 56,982 shares during the last quarter. Capital International Investors grew its position in shares of Cactus by 14.8% in the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after acquiring an additional 218,004 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Cactus by 0.7% in the 4th quarter. Wasatch Advisors LP now owns 543,170 shares of the company's stock worth $31,699,000 after acquiring an additional 3,653 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Cactus Stock Up 0.4 %

NYSE WHD traded up $0.16 during trading on Friday, reaching $38.90. The company's stock had a trading volume of 571,834 shares, compared to its average volume of 777,616. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.10 billion, a PE ratio of 13.79, a PEG ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The business has a 50-day moving average price of $45.19 and a 200-day moving average price of $56.27.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Cactus

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.