Barclays PLC Has $7.27 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Barclays PLC raised its stake in Cactus, Inc. (NYSE:WHD) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,638 shares of the company’s stock after purchasing an additional 1,076 shares during the period. Barclays PLC’s holdings in Cactus were worth $7,274,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company’s stock valued at $448,247,000 after buying an additional 147,395 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after purchasing an additional 52,085 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cactus by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company’s stock worth $105,308,000 after purchasing an additional 45,821 shares during the period. Boston Trust Walden Corp lifted its holdings in Cactus by 0.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock worth $104,901,000 after purchasing an additional 9,884 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Cactus by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock valued at $63,184,000 after purchasing an additional 68,718 shares during the period. 85.11% of the stock is owned by institutional investors.

Cactus Trading Up 3.9 %

WHD opened at $38.76 on Friday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 5.13 and a beta of 1.74. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The company has a 50-day simple moving average of $45.19 and a 200 day simple moving average of $56.27.

Cactus (NYSE:WHD) last issued 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). The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped 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 dropped 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 note 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 assigned a buy rating to the stock. According to MarketBeat, Cactus currently has an average rating of “Hold” and a consensus price target 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.