GSA Capital Partners LLP raised its holdings in shares of Cactus Inc (NYSE:WHD) by 64.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,768 shares of the company’s stock after purchasing an additional 14,036 shares during the quarter. GSA Capital Partners LLP’s holdings in Cactus were worth $1,369,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in WHD. Royal Bank of Canada bought a new stake in Cactus during the 1st quarter valued at $115,000. Macquarie Group Ltd. bought a new stake in Cactus during the 2nd quarter valued at $199,000. Raymond James & Associates bought a new stake in Cactus during the 2nd quarter valued at $212,000. State of Wisconsin Investment Board bought a new stake in Cactus during the 2nd quarter valued at $237,000. Finally, United Services Automobile Association bought a new stake in Cactus during the 3rd quarter valued at $249,000. Institutional investors and hedge funds own 50.74% of the company’s stock.
NYSE WHD opened at $29.37 on Friday. Cactus Inc has a 1 year low of $19.18 and a 1 year high of $40.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.28. The firm has a market capitalization of $2.25 billion and a PE ratio of 0.02.
Cactus (NYSE:WHD) last posted its earnings results on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Cactus had a net margin of 11.31% and a return on equity of 51.28%. The firm had revenue of $150.70 million during the quarter, compared to analyst estimates of $146.35 million. The company’s revenue was up 57.0% on a year-over-year basis. Analysts forecast that Cactus Inc will post 1.74 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. ValuEngine lowered shares of Cactus from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Citigroup boosted their price target on shares of Cactus from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, September 14th. JPMorgan Chase & Co. boosted their price target on shares of Cactus from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Morgan Stanley assumed coverage on shares of Cactus in a research note on Tuesday, September 18th. They set an “overweight” rating and a $42.00 price target for the company. Finally, Johnson Rice upgraded shares of Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday, August 30th. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $39.40.
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Cactus, Inc engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.
Further Reading: Analyst Ratings
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