Invenomic Capital Management LP Increases Stock Holdings in Whirlpool Co. (NYSE:WHR)

Invenomic Capital Management LP raised its stake in Whirlpool Co. (NYSE:WHR) by 232.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,697 shares of the company’s stock after purchasing an additional 64,142 shares during the quarter. Invenomic Capital Management LP owned 0.17% of Whirlpool worth $10,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA boosted its stake in shares of Whirlpool by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 4,729,936 shares of the company’s stock valued at $575,964,000 after buying an additional 26,630 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Whirlpool by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,425,552 shares of the company’s stock valued at $173,589,000 after buying an additional 14,826 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Whirlpool by 3,554.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after buying an additional 1,344,601 shares in the last quarter. Newport Trust Company LLC boosted its stake in shares of Whirlpool by 9.8% in the fourth quarter. Newport Trust Company LLC now owns 1,169,039 shares of the company’s stock valued at $142,354,000 after buying an additional 103,909 shares in the last quarter. Finally, Cooke & Bieler LP boosted its stake in shares of Whirlpool by 11.3% in the fourth quarter. Cooke & Bieler LP now owns 780,840 shares of the company’s stock valued at $95,083,000 after buying an additional 79,212 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 analysts recently weighed in on the company. Bank of America began coverage on Whirlpool in a research note on Tuesday. They issued an “underperform” rating and a $88.00 price target on the stock. StockNews.com cut Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reduced their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.75.

Whirlpool Price Performance

Shares of NYSE WHR traded up $2.98 during trading on Tuesday, reaching $102.35. The company had a trading volume of 1,355,967 shares, compared to its average volume of 1,386,793. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $148.50. The stock has a market capitalization of $5.62 billion, a PE ratio of 13.51 and a beta of 1.44. The stock has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $103.36. 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 (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.39. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 earnings per share. As a group, sell-side analysts predict that Whirlpool Co. will post 12 earnings per share 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.