Atlas Capital Advisors Inc. Sells 3,213 Shares of Whirlpool Corporation (NYSE:WHR)

Key Points

• Atlas Capital Advisors Inc. decreased its stake in Whirlpool Corporation by 67.1% in the first quarter, selling 3,213 shares and holding a total of 1,572 shares worth $142,000.
• Analysts' recent reports highlight mixed sentiments on Whirlpool, with JPMorgan lowering their price target from $109 to $89, while Longbow Research upgraded to a "buy" with a target of $145.
• Whirlpool reported a loss of $0.20 per share against expectations, along with a 5.4% year-over-year drop in revenue, indicating ongoing challenges for the company.

Atlas Capital Advisors Inc. decreased its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,572 shares of the company's stock after selling 3,213 shares during the period. Atlas Capital Advisors Inc.'s holdings in Whirlpool were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WHR. Bessemer Group Inc. increased its position in Whirlpool by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock valued at $3,740,000 after acquiring an additional 121 shares during the period. UMB Bank n.a. increased its position in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Whirlpool by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock worth $2,663,000 after buying an additional 140 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of Whirlpool by 3.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock worth $377,000 after buying an additional 149 shares during the period. Finally, GeoWealth Management LLC increased its position in shares of Whirlpool by 49.1% during the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock worth $57,000 after buying an additional 163 shares during the period. Institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $83.62 on Monday. The company has a 50 day moving average of $93.81 and a 200 day moving average of $91.77. The stock has a market cap of $4.67 billion, a P/E ratio of -31.55 and a beta of 1.17. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. Whirlpool's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.39 EPS. As a group, sell-side analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Analysts Set New Price Targets

WHR has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Royal Bank Of Canada reduced their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Bank of America restated an "underperform" rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Loop Capital restated a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $98.83.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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