First Trust Advisors LP Acquires 400,452 Shares of Cactus, Inc. (NYSE:WHD)

First Trust Advisors LP increased its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,556,565 shares of the company's stock after acquiring an additional 400,452 shares during the period. First Trust Advisors LP owned approximately 1.96% of Cactus worth $90,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WHD. Barclays PLC lifted its stake in Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company's stock valued at $7,373,000 after purchasing an additional 100,223 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cactus in the 3rd quarter valued at $177,000. Tidal Investments LLC increased its stake in Cactus by 9.1% in the 3rd quarter. Tidal Investments LLC now owns 31,204 shares of the company's stock worth $1,862,000 after purchasing an additional 2,591 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Cactus by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 342,278 shares of the company's stock worth $20,424,000 after buying an additional 15,760 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after buying an additional 52,085 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Up 0.4 %

Shares of Cactus stock traded up $0.16 during trading on Friday, hitting $38.90. 571,833 shares of the stock traded hands, compared to its average volume of 777,616. The stock has a market cap of $3.10 billion, a P/E ratio of 13.79, a PEG ratio of 5.13 and a beta of 1.74. The company has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $56.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01.

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

Analysts Set New Price Targets

WHD has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays lowered their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cactus presently has an average rating of "Hold" and a consensus target price of $53.80.

Cactus Company 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.