Cactus, Inc. (NYSE:WHD) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Cactus, Inc. (NYSE:WHD) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,985 shares of the company’s stock after acquiring an additional 2,243 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Cactus worth $2,334,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its stake in shares of Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock valued at $2,183,000 after purchasing an additional 169 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Cactus by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after buying an additional 180 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after acquiring an additional 200 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after acquiring an additional 221 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus decreased their target price on Cactus from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.80.

Cactus Stock Up 0.4 %

WHD stock opened at $38.90 on Monday. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 5.13 and a beta of 1.74. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $44.75 and a two-hundred day moving average of $56.02.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, analysts forecast that Cactus, Inc. will post 3.08 earnings per share 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.