Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Cactus Inc (NYSE: WHD)
Cactus Inc is primarily engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including 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. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It generates most of its revenue through the sale of wellhead systems, rental income, field service and other activities.
A quick look at the price chart below for Cactus Inc shows us that the stock is down 65% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 2.36 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Cactus Inc include:
Ken Griffin – 510,536 shares
Matt Smith – 490,199 shares
Israel Englander – 368,957 shares
Ken Fisher – 153,825 shares
Jim Simons – 118,500 shares
Joel Greenblatt – 50,325 shares
Chuck Royce – 1,425 shares
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