Quadrature Capital Ltd Buys 9,729 Shares of Whirlpool Co. (NYSE:WHR)

Quadrature Capital Ltd boosted its stake in Whirlpool Co. (NYSE:WHR) by 61.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 25,674 shares of the company’s stock after acquiring an additional 9,729 shares during the period. Quadrature Capital Ltd’s holdings in Whirlpool were worth $3,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA increased its position in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after buying an additional 185 shares in the last quarter. ORG Partners LLC bought a new stake in Whirlpool during the fourth quarter worth $37,000. Salem Investment Counselors Inc. purchased a new position in shares of Whirlpool in the 1st quarter worth about $45,000. Parallel Advisors LLC boosted its stake in Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after acquiring an additional 184 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Whirlpool by 79.4% during the fourth quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WHR shares. StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada reduced their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday. Finally, Bank of America upped their target price on shares of Whirlpool from $63.00 to $75.00 in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.50.

Whirlpool Price Performance

Shares of WHR traded down $2.04 during trading hours on Friday, reaching $99.53. 1,072,848 shares of the company’s stock traded hands, compared to its average volume of 1,104,422. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $148.50. The stock has a market cap of $5.44 billion, a PE ratio of 13.71 and a beta of 1.44. The firm’s 50 day simple moving average is $96.07 and its 200-day simple moving average is $103.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting the consensus estimate of $2.39. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the company posted $4.21 EPS. Equities analysts expect that Whirlpool Co. will post 12 EPS for the current 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.