Capital International Investors Has $98.45 Million Holdings in Cactus, Inc. (NYSE:WHD)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP increased its position in Cactus by 0.7% in the 4th quarter. Wasatch Advisors LP now owns 543,170 shares of the company's stock valued at $31,699,000 after acquiring an additional 3,653 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in Cactus by 6.8% during the 4th quarter. Ceredex Value Advisors LLC now owns 178,369 shares of the company's stock worth $10,410,000 after purchasing an additional 11,350 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Cactus by 67.0% in the 4th quarter. Guggenheim Capital LLC now owns 12,497 shares of the company's stock valued at $729,000 after purchasing an additional 5,013 shares during the last quarter. Barclays PLC lifted its holdings in Cactus by 0.9% in the fourth quarter. Barclays PLC now owns 124,638 shares of the company's stock valued at $7,274,000 after buying an additional 1,076 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Cactus by 5.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,973 shares of the company's stock worth $407,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WHD. Stifel Nicolaus decreased their price objective on Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research note 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 research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cactus presently has a consensus rating of "Hold" and a consensus price target of $53.80.

Cactus Stock Up 0.2 %

Shares of Cactus stock traded up $0.08 during trading on Friday, reaching $38.82. The stock had a trading volume of 182,895 shares, compared to its average volume of 776,139. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The stock has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $56.27.

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). The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

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.