Capital International Investors Raises Stock Position in Cactus, Inc. (NYSE:WHD)

Capital International Investors lifted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,686,858 shares of the company's stock after buying an additional 218,004 shares during the period. Capital International Investors owned about 2.12% of Cactus worth $98,445,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Cactus by 429.4% during the 3rd 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 bought a new stake in Cactus in the 3rd quarter worth about $177,000. Tidal Investments LLC raised its position 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 buying an additional 2,591 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Cactus by 4.8% in the third quarter. Principal Financial Group Inc. now owns 342,278 shares of the company's stock worth $20,424,000 after acquiring an additional 15,760 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after purchasing an additional 52,085 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

Shares of WHD stock traded up $0.04 during mid-day trading on Wednesday, reaching $37.34. 804,299 shares of the company's stock traded hands, compared to its average volume of 777,558. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm has a market capitalization of $2.97 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The firm has a 50 day moving average price of $45.62 and a two-hundred day moving average price of $56.44.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results 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). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. On average, research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WHD shares. Barclays decreased their target price 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. Stifel Nicolaus reduced their price objective on Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $53.80.

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.