Boston Partners lowered its holdings in shares of Cactus Inc (NYSE:WHD) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,574 shares of the company’s stock after selling 79,869 shares during the quarter. Boston Partners owned approximately 1.20% of Cactus worth $29,817,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in Cactus during the second quarter valued at approximately $36,000. HMS Capital Management LLC bought a new position in Cactus during the second quarter valued at approximately $49,000. US Bancorp DE boosted its stake in Cactus by 20.8% during the second quarter. US Bancorp DE now owns 2,961 shares of the company’s stock valued at $98,000 after buying an additional 510 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cactus by 87.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the company’s stock valued at $112,000 after buying an additional 1,582 shares during the last quarter. Finally, Aperio Group LLC bought a new position in Cactus during the second quarter valued at approximately $238,000. Hedge funds and other institutional investors own 64.30% of the company’s stock.
A number of brokerages recently commented on WHD. Piper Jaffray Companies dropped their price target on Cactus from $42.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, June 18th. Zacks Investment Research lowered Cactus from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 15th. Raymond James dropped their price target on Cactus from $42.00 to $40.00 and set a “strong-buy” rating for the company in a research note on Friday, August 2nd. Bank of America reissued a “buy” rating and set a $39.00 price target (down from $50.00) on shares of Cactus in a research note on Tuesday, June 25th. Finally, ValuEngine lowered Cactus from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.75.
Shares of NYSE:WHD traded down $0.18 during trading on Thursday, hitting $30.58. The company had a trading volume of 68,391 shares, compared to its average volume of 465,257. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 2.78 and a beta of 1.15. Cactus Inc has a one year low of $24.23 and a one year high of $40.97. The company has a fifty day simple moving average of $27.42 and a two-hundred day simple moving average of $32.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.92 and a quick ratio of 2.74.
Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $168.50 million during the quarter, compared to analyst estimates of $162.27 million. Cactus had a return on equity of 34.10% and a net margin of 13.56%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Cactus Inc will post 1.87 earnings per share for the current year.
Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.
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