Cactus Inc (NYSE:WHD) Position Increased by Meeder Asset Management Inc.

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Meeder Asset Management Inc. raised its holdings in shares of Cactus Inc (NYSE:WHD) by 113.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,953 shares of the company’s stock after buying an additional 12,218 shares during the period. Meeder Asset Management Inc.’s holdings in Cactus were worth $760,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Eagle Asset Management Inc. raised its holdings in shares of Cactus by 20.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 217,783 shares of the company’s stock valued at $7,212,000 after purchasing an additional 36,235 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Cactus during the 2nd quarter valued at $413,000. Swiss National Bank raised its holdings in shares of Cactus by 2.6% during the 2nd quarter. Swiss National Bank now owns 85,800 shares of the company’s stock valued at $2,842,000 after purchasing an additional 2,200 shares in the last quarter. CWM LLC raised its holdings in shares of Cactus by 198,257.1% during the 2nd quarter. CWM LLC now owns 13,885 shares of the company’s stock valued at $460,000 after purchasing an additional 13,878 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Cactus by 6.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 749,937 shares of the company’s stock valued at $24,838,000 after purchasing an additional 47,937 shares in the last quarter. Hedge funds and other institutional investors own 63.28% of the company’s stock.

WHD has been the topic of a number of recent research reports. Bank of America restated a “buy” rating and set a $39.00 price target (down previously from $50.00) on shares of Cactus in a report on Tuesday, June 25th. ValuEngine downgraded shares of Cactus from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Barclays reiterated a “buy” rating and issued a $41.00 target price on shares of Cactus in a report on Monday, May 6th. Raymond James dropped their target price on shares of Cactus from $42.00 to $40.00 and set a “strong-buy” rating on the stock in a report on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of Cactus from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $41.00.

Shares of WHD opened at $26.57 on Thursday. The company has a market capitalization of $2.02 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07. Cactus Inc has a one year low of $24.60 and a one year high of $40.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.92 and a quick ratio of 2.74. The company’s fifty day moving average price is $29.48 and its 200 day moving average price is $33.67.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, July 31st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $168.50 million for the quarter, compared to the consensus estimate of $162.27 million. Cactus had a net margin of 13.56% and a return on equity of 34.10%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Analysts anticipate that Cactus Inc will post 1.89 earnings per share for the current year.

Cactus Profile

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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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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