Impala Asset Management LLC bought a new position in shares of Whirlpool Corporation (NYSE:WHR – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $7,935,000. Whirlpool accounts for about 5.0% of Impala Asset Management LLC’s holdings, making the stock its 6th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted 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 valued at $1,338,000 after acquiring an additional 109 shares during the last quarter. Old North State Wealth Management LLC boosted its position in shares of Whirlpool by 5.2% during the 4th quarter. Old North State Wealth Management LLC now owns 2,889 shares of the company’s stock valued at $209,000 after acquiring an additional 143 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Whirlpool by 0.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock valued at $4,161,000 after acquiring an additional 144 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Whirlpool by 3.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock valued at $522,000 after acquiring an additional 150 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Whirlpool by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,572 shares of the company’s stock valued at $3,268,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.
Whirlpool Trading Up 1.3%
NYSE WHR opened at $42.96 on Friday. The firm’s 50-day moving average is $48.28 and its two-hundred day moving average is $65.16. Whirlpool Corporation has a 12 month low of $38.38 and a 12 month high of $111.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. The stock has a market capitalization of $2.78 billion, a P/E ratio of 14.61, a PEG ratio of 16.93 and a beta of 1.15.
Analyst Upgrades and Downgrades
WHR has been the topic of several recent research reports. Bank of America lowered their price target on shares of Whirlpool from $60.00 to $50.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Citigroup lowered their price target on shares of Whirlpool from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. BNP Paribas Exane raised shares of Whirlpool to a “neutral” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. lowered their price target on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Mizuho initiated coverage on shares of Whirlpool in a research report on Monday, April 20th. They set a “neutral” rating and a $55.00 price target on the stock. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of “Reduce” and an average target price of $68.89.
Get Our Latest Analysis on Whirlpool
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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