280,623 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 280,623 shares of the company's stock, valued at approximately $16,377,000. Raymond James Financial Inc. owned about 0.35% of Cactus as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WHD. Vanguard Group Inc. increased its stake in shares of Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after buying an additional 147,395 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cactus by 1.7% in the 3rd 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. Geode Capital Management LLC raised its holdings in shares of Cactus by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after acquiring an additional 45,821 shares in the last quarter. Boston Trust Walden Corp raised 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 acquiring an additional 9,884 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Cactus by 6.8% in 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 institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WHD. Stifel Nicolaus cut their price objective on 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 objective on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Cactus currently has an average rating of "Hold" and a consensus price target of $53.80.

Cactus Stock Up 3.8 %

WHD stock traded up $1.40 during midday trading on Thursday, hitting $38.70. The company's stock had a trading volume of 428,011 shares, compared to its average volume of 779,464. The company has a market cap of $3.08 billion, a PE ratio of 13.72, a P/E/G ratio of 5.13 and a beta of 1.74. The firm's 50-day moving average is $45.62 and its 200-day moving average is $56.44. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share 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 analysts' expectations of $277.59 million. On average, equities research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

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.