Tudor Investment Corp ET AL Buys 234,191 Shares of Cactus, Inc. (NYSE:WHD)

Tudor Investment Corp ET AL raised its stake in Cactus, Inc. (NYSE:WHD) by 487.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 282,271 shares of the company’s stock after acquiring an additional 234,191 shares during the period. Tudor Investment Corp ET AL owned approximately 0.35% of Cactus worth $16,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oarsman Capital Inc. bought a new stake in Cactus in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased 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 buying an additional 223 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after buying an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cactus in the 4th quarter worth about $76,000. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Performance

Cactus stock opened at $38.65 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The firm has a market capitalization of $3.08 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The company’s 50-day moving average is $44.31 and its 200 day moving average is $55.85.

Cactus (NYSE:WHD) last posted its quarterly earnings data 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 return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. Research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WHD. 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. Stifel Nicolaus reduced their target price on shares of Cactus from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. 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 data from MarketBeat, Cactus has a consensus rating of “Hold” and a consensus target price of $53.80.

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.