Entropy Technologies LP purchased a new position in Cactus, Inc. (NYSE:WHD – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,903 shares of the company’s stock, valued at approximately $578,000.
A number of other institutional investors have also made changes to their positions in the stock. Quest Partners LLC bought a new position in Cactus during the third quarter worth about $34,000. Versant Capital Management Inc boosted its stake in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares during the last quarter. KBC Group NV grew its holdings in Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the period. Sanctuary Advisors LLC acquired a new position in Cactus during the third quarter valued at approximately $177,000. Finally, Nisa Investment Advisors LLC increased its stake in Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.
Cactus Trading Down 1.1 %
Shares of NYSE:WHD opened at $60.02 on Wednesday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 5.14 and a beta of 1.97. Cactus, Inc. has a 12 month low of $41.80 and a 12 month high of $70.01. The company’s fifty day simple moving average is $60.95 and its 200 day simple moving average is $61.23. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.
Cactus Announces Dividend
Insider Transactions at Cactus
In other news, Director Bruce M. Rothstein sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now owns 12,177 shares of the company’s stock, valued at $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.72% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.40.
View Our Latest Research Report on WHD
About Cactus
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.
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