Raymond James Financial Inc. Takes $16.38 Million Position in Cactus, Inc. (NYSE:WHD)

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

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

Cactus Stock Down 0.9 %

NYSE:WHD traded down $0.34 during trading hours on Friday, hitting $38.40. The stock had a trading volume of 95,506 shares, compared to its average volume of 775,752. The company has a market cap of $3.06 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The business has a 50 day simple moving average of $45.19 and a two-hundred day simple moving average of $56.27. Cactus, Inc. has a 1-year low of $33.80 and a 1-year 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 results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays reduced their target price on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Cactus presently has an average rating of "Hold" and a consensus target price of $53.80.

Cactus Company 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.