Bank of Montreal Can Purchases 903 Shares of Cactus, Inc. (NYSE:WHD)

Bank of Montreal Can increased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,013 shares of the company’s stock after buying an additional 903 shares during the quarter. Bank of Montreal Can’s holdings in Cactus were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oarsman Capital Inc. bought a new position in shares of Cactus during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after buying an additional 223 shares during the period. Versant Capital Management Inc increased its position in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after acquiring an additional 337 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Cactus in the 4th quarter worth $76,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on WHD. Stifel Nicolaus dropped their price target on Cactus from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Barclays decreased their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Cactus has an average rating of “Hold” and a consensus target price of $53.80.

Cactus Trading Down 2.4 %

Shares of Cactus stock opened at $36.90 on Tuesday. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $46.52 and its 200-day moving average is $56.71. The stock has a market cap of $2.94 billion, a P/E ratio of 13.09, a P/E/G ratio of 5.13 and a beta of 1.74.

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

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.