Cactus Inc (WHD) Holdings Trimmed by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC reduced its stake in shares of Cactus Inc (NYSE:WHD) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,925 shares of the company’s stock after selling 45,914 shares during the quarter. TIAA CREF Investment Management LLC owned 0.33% of Cactus worth $9,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WHD. Macquarie Group Ltd. acquired a new stake in shares of Cactus in the second quarter valued at approximately $199,000. Raymond James & Associates acquired a new stake in shares of Cactus in the second quarter valued at approximately $212,000. United Services Automobile Association acquired a new stake in shares of Cactus in the third quarter valued at approximately $249,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cactus in the second quarter valued at approximately $266,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Cactus in the second quarter valued at approximately $284,000. Institutional investors own 50.67% of the company’s stock.

Shares of WHD opened at $29.92 on Monday. The company has a current ratio of 3.52, a quick ratio of 2.28 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.20 billion and a P/E ratio of 0.02. Cactus Inc has a 1 year low of $19.18 and a 1 year high of $40.97.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $150.70 million for the quarter, compared to the consensus estimate of $146.35 million. Cactus had a net margin of 11.31% and a return on equity of 51.28%. The business’s revenue was up 57.0% compared to the same quarter last year. On average, equities analysts predict that Cactus Inc will post 1.78 EPS for the current year.

WHD has been the topic of several research reports. Morgan Stanley initiated coverage on shares of Cactus in a research report on Tuesday, September 18th. They issued an “overweight” rating and a $42.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Cactus from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, September 17th. Citigroup set a $42.00 price target on shares of Cactus and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of Cactus from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research report on Thursday, October 4th. Finally, Bank of America assumed coverage on shares of Cactus in a research note on Monday, December 3rd. They set a “buy” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.82.

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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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