Legal & General Group Plc Reduces Position in Cactus, Inc. (NYSE:WHD)

Legal & General Group Plc trimmed its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,617 shares of the company's stock after selling 10,812 shares during the quarter. Legal & General Group Plc owned 0.24% of Cactus worth $11,124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WHD. Vanguard Group Inc. boosted its stake in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after purchasing an additional 147,395 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 last quarter. Geode Capital Management LLC lifted its stake in shares of Cactus by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock worth $105,308,000 after buying an additional 45,821 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after buying an additional 9,884 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Cactus by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company's stock valued at $63,184,000 after acquiring an additional 68,718 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Performance

WHD traded up $0.49 during mid-day trading on Tuesday, reaching $37.37. 621,758 shares of the company traded hands, compared to its average volume of 777,452. The company's fifty day moving average price is $46.07 and its 200-day moving average price is $56.58. The stock has a market capitalization of $2.97 billion, a P/E ratio of 13.25, a P/E/G ratio of 5.13 and a beta of 1.74. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01.

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

Analyst Ratings Changes

Several research firms recently issued reports on WHD. Barclays lowered their price objective on 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 lowered their price target on Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cactus presently has an average rating of "Hold" and a consensus price target 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.