Cactus, Inc. (NYSE:WHD) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 29.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,105 shares of the company's stock after acquiring an additional 7,845 shares during the period. Wells Fargo & Company MN's holdings in Cactus were worth $1,990,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares during the period. Versant Capital Management Inc grew its position in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cactus during the 4th quarter worth about $76,000. Finally, AlphaQuest LLC boosted its holdings in Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after purchasing an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Stock Performance

Shares of WHD stock traded up $1.04 during trading hours on Tuesday, reaching $39.66. 802,766 shares of the company's stock were exchanged, compared to its average volume of 779,510. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company's 50 day moving average is $44.31 and its two-hundred day moving average is $55.85. The company has a market cap of $3.16 billion, a P/E ratio of 14.06, a price-to-earnings-growth 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.

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 analysts' expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Equities research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WHD has been the subject of several research reports. Stifel Nicolaus reduced their target price on Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays decreased their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a report 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. According to MarketBeat, Cactus has an average rating of "Hold" and a consensus target price 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.