Monaco Asset Management SAM purchased a new position in shares of Whirlpool Corporation (NYSE:WHR – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $2,164,000.
A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Whirlpool in the 4th quarter worth $31,959,000. Orion Porfolio Solutions LLC lifted its stake in shares of Whirlpool by 2,795.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock worth $23,789,000 after acquiring an additional 226,462 shares during the period. Newport Trust Company LLC lifted its stake in shares of Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after acquiring an additional 221,564 shares during the period. Causeway Capital Management LLC lifted its stake in shares of Whirlpool by 42.3% in the 3rd quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock worth $48,499,000 after acquiring an additional 183,496 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Whirlpool in the 2nd quarter worth $11,489,000. Institutional investors and hedge funds own 90.78% of the company’s stock.
Whirlpool Stock Performance
Shares of WHR opened at $43.38 on Monday. The company has a 50-day simple moving average of $50.78 and a 200-day simple moving average of $67.09. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.81 billion, a PE ratio of 14.75, a P/E/G ratio of 17.14 and a beta of 1.15. Whirlpool Corporation has a 52-week low of $38.38 and a 52-week high of $111.96.
Analyst Ratings Changes
Several research firms have recently commented on WHR. BNP Paribas Exane upgraded shares of Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Mizuho began coverage on shares of Whirlpool in a research note on Monday, April 20th. They issued a “neutral” rating and a $55.00 target price for the company. Stifel Nicolaus set a $55.00 target price on shares of Whirlpool in a research note on Monday, May 4th. Finally, Wall Street Zen cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Two investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $68.89.
Check Out Our Latest Analysis on WHR
About Whirlpool
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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