Readystate Asset Management LP Buys 7,145 Shares of Whirlpool Corporation (NYSE:WHR)

Readystate Asset Management LP lifted its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 62.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,525 shares of the company's stock after acquiring an additional 7,145 shares during the quarter. Readystate Asset Management LP's holdings in Whirlpool were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC raised its stake in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 121 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Whirlpool by 120.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 129 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of Whirlpool during the 4th quarter worth about $54,000. Finally, GeoWealth Management LLC raised its stake 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 purchasing an additional 163 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. 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 report on Monday, June 30th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. reduced their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Bank of America upgraded Whirlpool from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. Two 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. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and a consensus price target of $108.40.

Whirlpool Stock Performance

Shares of Whirlpool stock traded up $1.09 on Friday, reaching $99.71. The stock had a trading volume of 795,111 shares, compared to its average volume of 1,310,095. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The business's 50-day moving average price is $92.58 and its two-hundred day moving average price is $94.91. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. The stock has a market cap of $5.54 billion, a P/E ratio of 712.20 and a beta of 1.25.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.03. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The business's revenue was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, sell-side analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current year.

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.