Bayforest Capital Ltd Acquires 5,422 Shares of Whirlpool Corporation (NYSE:WHR)

Key Points

• Bayforest Capital Ltd significantly increased its stake in Whirlpool Corporation by 816.6% during Q1, owning 6,086 shares valued at $549,000.
• Analysts have mixed ratings on Whirlpool, with a consensus rating of "Hold" and price targets varying from $63.00 to $145.00.
• Whirlpool reported earnings of $1.34 per share, missing estimates and showing a 5.4% revenue decline compared to the same quarter last year.

Bayforest Capital Ltd boosted its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 816.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,086 shares of the company's stock after purchasing an additional 5,422 shares during the quarter. Bayforest Capital Ltd's holdings in Whirlpool were worth $549,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Nemes Rush Group LLC lifted its stake in shares of Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after buying an additional 121 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. boosted its holdings in Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after purchasing an additional 129 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in Whirlpool during the fourth quarter worth about $54,000. Finally, GeoWealth Management LLC boosted its holdings in Whirlpool by 49.1% during the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock worth $57,000 after purchasing an additional 163 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on WHR. Royal Bank Of Canada cut their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday. Bank of America restated an "underperform" rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Monday, June 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $101.00.

Whirlpool Stock Performance

WHR stock traded down $0.31 during mid-day trading on Friday, hitting $82.73. The company had a trading volume of 2,335,287 shares, compared to its average volume of 2,238,022. The firm has a market cap of $4.62 billion, a PE ratio of -31.22 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.40 and a current ratio of 0.85. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The stock's fifty day moving average price is $93.18 and its two-hundred day moving average price is $94.23.

Whirlpool (NYSE:WHR - Get Free Report) last announced 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 company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. The business'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. On average, analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

About Whirlpool

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.