Voya Investment Management LLC Acquires Shares of 9,585 Cactus Inc (WHD)

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Voya Investment Management LLC purchased a new stake in shares of Cactus Inc (NYSE:WHD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,585 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of Cactus in the first quarter valued at approximately $111,000. Royal Bank of Canada purchased a new stake in shares of Cactus in the first quarter valued at approximately $115,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Cactus in the first quarter valued at approximately $127,000. Sei Investments Co. purchased a new stake in shares of Cactus in the first quarter valued at approximately $207,000. Finally, Raymond James & Associates purchased a new stake in shares of Cactus in the second quarter valued at approximately $212,000. Institutional investors and hedge funds own 38.99% of the company’s stock.

A number of equities research analysts have recently issued reports on WHD shares. Zacks Investment Research upgraded Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Thursday, October 4th. Johnson Rice upgraded Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, August 30th. Citigroup set a $42.00 price objective on Cactus and gave the stock a “buy” rating in a research report on Friday, November 2nd. Morgan Stanley began coverage on Cactus in a research report on Tuesday, September 18th. They issued an “overweight” rating and a $42.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Cactus from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $38.80.

NYSE:WHD traded down $0.78 during trading hours on Friday, reaching $36.16. 333,456 shares of the stock were exchanged, compared to its average volume of 497,695. The company has a quick ratio of 1.94, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. Cactus Inc has a twelve month low of $19.18 and a twelve month high of $40.97. The stock has a market capitalization of $2.84 billion and a price-to-earnings ratio of 0.09.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Cactus had a return on equity of 51.28% and a net margin of 11.31%. The company had revenue of $150.70 million for the quarter, compared to analysts’ expectations of $146.35 million. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, sell-side analysts expect that Cactus Inc will post 1.79 EPS for the current fiscal year.

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Cactus Company 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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