Westside Investment Management Inc. boosted its stake in Whirlpool Co. (NYSE:WHR) by 28.1% in the fourth quarter, Holdings Channel reports. The firm owned 11,335 shares of the company’s stock after acquiring an additional 2,485 shares during the period. Westside Investment Management Inc.’s holdings in Whirlpool were worth $1,215,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL boosted its position in shares of Whirlpool by 1.0% during the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 10,007 shares of the company’s stock worth $1,069,000 after buying an additional 100 shares during the period. Pinnacle Associates Ltd. boosted its position in Whirlpool by 5.6% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,900 shares of the company’s stock valued at $203,000 after purchasing an additional 100 shares during the last quarter. First Mercantile Trust Co. boosted its position in Whirlpool by 3.3% during the fourth quarter. First Mercantile Trust Co. now owns 3,272 shares of the company’s stock valued at $350,000 after purchasing an additional 104 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Whirlpool by 79.7% during the third quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock valued at $37,000 after purchasing an additional 137 shares during the last quarter. Finally, Brave Asset Management Inc. boosted its position in Whirlpool by 10.8% during the fourth quarter. Brave Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $219,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.
Shares of WHR stock traded down $1.30 during trading hours on Monday, reaching $131.99. The company’s stock had a trading volume of 272,835 shares, compared to its average volume of 1,180,898. The company has a market cap of $8.51 billion, a PE ratio of 8.71, a P/E/G ratio of 1.88 and a beta of 1.63. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $180.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.55 and a current ratio of 0.82.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, January 28th. The company reported $4.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the business posted $4.10 EPS. Whirlpool’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that Whirlpool Co. will post 14.66 EPS for the current fiscal year.
In related news, Director Michael F. Johnston sold 2,845 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $133.54, for a total transaction of $379,921.30. Following the sale, the director now owns 6,550 shares of the company’s stock, valued at approximately $874,687. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.83% of the company’s stock.
A number of analysts have recently issued reports on WHR shares. Royal Bank of Canada cut Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective for the company. in a research report on Wednesday, January 30th. Raymond James cut their price objective on Whirlpool from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, October 18th. Credit Suisse Group set a $125.00 target price on Whirlpool and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Buckingham Research began coverage on Whirlpool in a research note on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Whirlpool presently has an average rating of “Hold” and an average price target of $146.40.
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Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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