First Trust Advisors LP Buys 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 its most recent filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WHD. Oarsman Capital Inc. bought a new stake in Cactus during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Versant Capital Management Inc grew its position in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after acquiring an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cactus during the fourth quarter valued at about $76,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus reduced 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 shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $53.80.

Cactus Trading Up 0.4 %

Shares of NYSE WHD traded up $0.16 during mid-day trading on Friday, hitting $38.90. The stock had a trading volume of 571,834 shares, compared to its average volume of 778,176. The firm has a market cap of $3.10 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. 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 business has a 50 day moving average price of $44.75 and a two-hundred day moving average price of $56.11. 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 issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, equities analysts anticipate that Cactus, Inc. will post 3.08 EPS 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.