Loomis Sayles & Co. L P Has $36.41 Million Stake in Cactus Inc (WHD)

Loomis Sayles & Co. L P lifted its stake in shares of Cactus Inc (NYSE:WHD) by 37.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 951,100 shares of the company’s stock after buying an additional 257,469 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.27% of Cactus worth $36,408,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in shares of Cactus during the first quarter worth about $115,000. Macquarie Group Ltd. acquired a new position in shares of Cactus during the second quarter worth about $199,000. Raymond James & Associates acquired a new position in shares of Cactus during the second quarter worth about $212,000. United Services Automobile Association acquired a new position in shares of Cactus during the third quarter worth about $249,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Cactus during the second quarter worth about $237,000. 50.74% of the stock is owned by institutional investors and hedge funds.

Shares of WHD opened at $31.17 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.28. The company has a market capitalization of $2.16 billion and a P/E ratio of 0.02. Cactus Inc has a 52-week low of $19.18 and a 52-week high of $40.97.

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

A number of brokerages have recently commented on WHD. Zacks Investment Research raised Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Thursday, October 4th. Citigroup set a $42.00 price objective on Cactus and gave the stock a “buy” rating in a research report on Friday, November 2nd. ValuEngine downgraded Cactus from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Morgan Stanley assumed coverage on Cactus in a research report on Tuesday, September 18th. They set an “overweight” rating and a $42.00 price objective for the company. Finally, Johnson Rice raised Cactus from an “accumulate” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.40.

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Cactus Profile

Cactus, Inc engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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