LSV Asset Management Sells 79,250 Shares of Whirlpool Corporation (NYSE:WHR)

Key Points

• LSV Asset Management has reduced its holdings in Whirlpool Corporation by 5.7%, selling 79,250 shares and currently owning 1,304,961 shares valued at approximately $117.6 million.
• Several hedge funds have adjusted their positions in Whirlpool, with some increasing holdings significantly, while institutional investors now own 90.78% of the company's stock.
• Whirlpool reported quarterly earnings of $1.34 per share, missing estimates, and has seen a 5.4% decline in revenue compared to the same quarter last year.

LSV Asset Management lowered its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,304,961 shares of the company's stock after selling 79,250 shares during the period. LSV Asset Management owned about 2.35% of Whirlpool worth $117,616,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

WHR has been the topic of a number of research analyst reports. Bank of America reiterated an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their target price on 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 downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday. Finally, Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Monday, June 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $101.00.

Whirlpool Stock Performance

WHR stock opened at $82.73 on Friday. The stock has a market capitalization of $4.62 billion, a PE ratio of -31.22 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 0.40 and a debt-to-equity ratio of 2.39. The stock's 50 day simple moving average is $93.29 and its 200 day simple moving average is $93.69.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share 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 the consensus estimate of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. Whirlpool's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.39 earnings per share. As a group, research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.