Ieq Capital LLC acquired a new position in Whirlpool Corporation (NYSE:WHR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,649 shares of the company’s stock, valued at approximately $1,563,000. Ieq Capital LLC owned 0.06% of Whirlpool as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in WHR. Thrivent Financial for Lutherans grew its position in shares of Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock worth $1,338,000 after buying an additional 109 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Whirlpool by 0.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock valued at $4,161,000 after buying an additional 144 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Whirlpool by 3.0% in the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock valued at $522,000 after buying an additional 150 shares during the period. Abel Hall LLC boosted its stake in Whirlpool by 1.4% in the third quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock valued at $947,000 after acquiring an additional 162 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its stake in Whirlpool by 2.8% in the third quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock valued at $495,000 after acquiring an additional 170 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool Price Performance
Shares of WHR stock opened at $40.81 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. Whirlpool Corporation has a 12-month low of $35.45 and a 12-month high of $96.57. The firm has a fifty day moving average of $39.32 and a 200-day moving average of $50.53. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16.
Wall Street Analyst Weigh In
Several analysts have commented on WHR shares. Bank of America dropped their target price on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research report on Monday, June 22nd. Stifel Nicolaus decreased their price objective on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company assumed coverage on Whirlpool in a report on Monday. They issued an “equal weight” rating and a $42.00 price objective for the company. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Citigroup restated a “neutral” rating on shares of Whirlpool in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $46.33.
Check Out Our Latest Report on WHR
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
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