CenterBook Partners LP Makes New $1.84 Million Investment in Whirlpool Corporation (NYSE:WHR)

Key Points

• CenterBook Partners LP has acquired a new stake in Whirlpool Corporation during the first quarter, purchasing 20,425 shares valued at approximately $1.84 million.
• Whirlpool reported earnings per share of $1.34 for the last quarter, falling short of analysts' expectations, with revenue down 5.4% year-over-year.
• Recent analyst ratings for Whirlpool include upgrades to "buy" from Longbow Research, while other firms have issued hold or sell ratings, reflecting mixed sentiments about the stock's future performance.

CenterBook Partners LP purchased a new stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 20,425 shares of the company's stock, valued at approximately $1,841,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Whirlpool by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock valued at $4,022,000 after acquiring an additional 5,202 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Whirlpool during the 4th quarter worth approximately $34,719,000. MADDEN SECURITIES Corp raised its position in shares of Whirlpool by 44.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 11,665 shares of the company's stock worth $1,051,000 after purchasing an additional 3,595 shares during the last quarter. Tang Capital Management LLC acquired a new position in shares of Whirlpool during the 4th quarter worth approximately $974,000. Finally, Advisors Capital Management LLC raised its position in shares of Whirlpool by 41.8% during the 4th quarter. Advisors Capital Management LLC now owns 166,556 shares of the company's stock worth $19,067,000 after purchasing an additional 49,121 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Trading Down 2.9%

Shares of NYSE WHR traded down $2.46 during trading on Monday, hitting $81.26. 418,379 shares of the company traded hands, compared to its average volume of 1,348,522. The company has a 50-day moving average price of $93.81 and a 200-day moving average price of $91.77. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The firm has a market capitalization of $4.54 billion, a P/E ratio of -30.72 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same period last year, the company posted $2.39 earnings per share. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WHR shares. JPMorgan Chase & Co. cut their price objective on 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 raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Royal Bank Of Canada lowered their target price on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Bank of America reaffirmed an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool 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.