Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in Cactus, Inc. $WHD

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Cactus, Inc. (NYSE:WHD) by 104.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,494 shares of the company’s stock after acquiring an additional 16,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cactus were worth $1,243,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in shares of Cactus in the third quarter valued at $25,000. Advisors Asset Management Inc. boosted its position in shares of Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares in the last quarter. CWM LLC grew its stake in Cactus by 131.7% in the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock valued at $130,000 after acquiring an additional 1,686 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Cactus by 26.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,438 shares of the company’s stock valued at $194,000 after acquiring an additional 915 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Cactus during the 1st quarter valued at about $203,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Up 0.7%

WHD stock opened at $56.26 on Friday. The company has a 50 day moving average price of $48.31 and a two-hundred day moving average price of $43.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.74 and a current ratio of 5.28. The stock has a market capitalization of $4.49 billion, a P/E ratio of 22.41, a PEG ratio of 5.71 and a beta of 1.26. Cactus, Inc. has a one year low of $33.20 and a one year high of $61.65.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. The business had revenue of $263.95 million for the quarter, compared to analysts’ expectations of $253.89 million. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The business’s revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. As a group, sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on WHD shares. Barclays upped their price target on shares of Cactus from $51.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Stifel Nicolaus upped their target price on Cactus from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Zacks Research cut Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Citigroup raised Cactus from a “neutral” rating to a “buy” rating and raised their price target for the stock from $45.00 to $55.00 in a research report on Thursday, December 11th. Finally, Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $39.00 to $40.00 in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.20.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.