Cactus, Inc. $WHD Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Cactus, Inc. (NYSE:WHD) by 104.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,494 shares of the company’s stock after purchasing an additional 16,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cactus were worth $1,243,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Salomon & Ludwin LLC purchased a new position in shares of Cactus during the third quarter worth about $25,000. Advisors Asset Management Inc. raised its stake in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares during the last quarter. CWM LLC lifted its position in Cactus by 131.7% during the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock worth $130,000 after acquiring an additional 1,686 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Cactus by 26.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,438 shares of the company’s stock valued at $194,000 after purchasing an additional 915 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Cactus in the 1st quarter valued at approximately $203,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WHD. Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and upped their price target for the stock from $45.00 to $55.00 in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th. Barclays raised their target price on shares of Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Bank of America raised shares of Cactus from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $39.00 to $40.00 in a report on Wednesday, October 29th. Finally, Zacks Research cut shares of Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.20.

Cactus Price Performance

Shares of NYSE WHD opened at $56.26 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.74 and a current ratio of 5.28. Cactus, Inc. has a one year low of $33.20 and a one year high of $61.65. The firm has a market capitalization of $4.49 billion, a P/E ratio of 22.41, a PEG ratio of 5.71 and a beta of 1.26. The company’s fifty day moving average is $48.31 and its two-hundred day moving average is $43.37.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The firm had revenue of $263.95 million during the quarter, compared to analysts’ expectations of $253.89 million. Cactus had a net margin of 15.86% and a return on equity of 16.02%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share. Analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.