Whirlpool Corporation $WHR Stock Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in Whirlpool Corporation (NYSE:WHR) by 63.4% in the third quarter, Holdings Channel.com reports. The firm owned 624,881 shares of the company’s stock after acquiring an additional 242,520 shares during the period. Commonwealth Equity Services LLC’s holdings in Whirlpool were worth $19,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Primecap Management Co. CA bought a new position in shares of Whirlpool in the 2nd quarter valued at about $141,801,000. RWWM Inc. lifted its stake in Whirlpool by 191.6% in the first quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock valued at $130,628,000 after acquiring an additional 1,591,849 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Whirlpool during the second quarter worth approximately $61,003,000. Nykredit A S acquired a new stake in Whirlpool during the 2nd quarter valued at $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Whirlpool during the 2nd quarter worth about $24,601,000. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 5.0%

Shares of WHR stock opened at $30.29 on Wednesday. The company has a 50-day simple moving average of $31.36 and a two-hundred day simple moving average of $46.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.69 and a current ratio of 1.14. Whirlpool Corporation has a 52-week low of $25.50 and a 52-week high of $94.82. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 265.75 and a beta of 1.21.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.94). The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Whirlpool had a positive return on equity of 0.47% and a negative net margin of 0.93%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Research analysts anticipate that Whirlpool Corporation will post -1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Longbow Research cut shares of Whirlpool from a “buy” rating to a “neutral” rating in a research report on Monday, October 19th. Mizuho dropped their price target on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Weiss Ratings lowered shares of Whirlpool from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, October 28th. Eight analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Whirlpool presently has an average rating of “Reduce” and a consensus target price of $32.22.

Whirlpool Company Profile

Whirlpool Corporation is a home-appliance manufacturer headquartered in Benton Harbor, Michigan. Its products include refrigerators and freezers, ranges and ovens, dishwashers, washing machines and dryers, as well as related parts and accessories. The company sells products under brands including Whirlpool, KitchenAid, Maytag, JennAir and Amana. Its offerings serve residential customers, with products distributed across multiple international markets. Founded in 1911 as the Upton Machine Company, Whirlpool adopted its current name in 1949.