Makaira Partners LLC Has $25.79 Million Holdings in Cactus, Inc. (NYSE:WHD)

Makaira Partners LLC reduced its position in Cactus, Inc. (NYSE:WHD - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 441,964 shares of the company's stock after selling 39,010 shares during the quarter. Cactus makes up about 3.6% of Makaira Partners LLC's portfolio, making the stock its 10th largest position. Makaira Partners LLC owned 0.56% of Cactus worth $25,793,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. First Trust Advisors LP boosted its position in Cactus by 34.6% during the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after acquiring an additional 400,452 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Cactus in the 4th quarter valued at about $19,235,000. Raymond James Financial Inc. bought a new stake in shares of Cactus during the 4th quarter valued at about $16,377,000. Tudor Investment Corp ET AL grew its stake in Cactus by 487.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company's stock worth $16,473,000 after purchasing an additional 234,191 shares during the period. Finally, Capital International Investors increased its holdings in Cactus by 14.8% in the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after purchasing an additional 218,004 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on WHD. Stifel Nicolaus reduced their price objective on shares of Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays reduced their price target 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.80.

Cactus Stock Down 4.5 %

Shares of NYSE:WHD traded down $1.79 during trading on Wednesday, reaching $37.88. 952,188 shares of the stock were exchanged, compared to its average volume of 783,135. The stock has a fifty day moving average of $43.50 and a two-hundred day moving average of $55.61. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. 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 firm has a market cap of $3.01 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share 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.