Whirlpool Corporation $WHR Stock: International Assets Investment Management LLC Decreases Stake

International Assets Investment Management LLC reduced its stake in Whirlpool Corporation (NYSE:WHR) by 94.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,400 shares of the company’s stock after selling 25,953 shares during the quarter. International Assets Investment Management LLC’s holdings in Whirlpool were worth $43,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WHR. Kelleher Financial Advisors bought a new position in shares of Whirlpool during the second quarter valued at about $28,000. Silvant Capital Management LLC bought a new position in shares of Whirlpool during the 2nd quarter worth approximately $29,000. Fortitude Family Office LLC bought a new position in shares of Whirlpool during the 3rd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in shares of Whirlpool during the 3rd quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Whirlpool in the 1st quarter worth approximately $46,000. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

Shares of WHR stock traded down $1.02 during trading hours on Friday, hitting $30.52. 3,223,850 shares of the company were exchanged, compared to its average volume of 4,910,477. The firm has a fifty day simple moving average of $31.76 and a 200 day simple moving average of $47.51. The company has a current ratio of 1.14, a quick ratio of 0.69 and a debt-to-equity ratio of 1.84. Whirlpool Corporation has a 52-week low of $25.50 and a 52-week high of $94.82. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -14.06 and a beta of 1.21.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WHR shares. Zacks Research lowered Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. BNP Paribas Exane started coverage on Whirlpool in a research report on Monday, July 13th. They issued a “neutral” rating and a $43.00 price objective on the stock. Stifel Nicolaus downgraded Whirlpool from a “hold” rating to a “sell” rating and reduced their price objective for the company from $30.00 to $20.00 in a research note on Wednesday, October 28th. Finally, Citigroup decreased their target price on Whirlpool from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and an average price target of $32.22.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.