GSA Capital Partners LLP raised its stake in Hillenbrand, Inc. (NYSE:HI) by 68.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,837 shares of the company’s stock after purchasing an additional 5,615 shares during the quarter. GSA Capital Partners LLP’s holdings in Hillenbrand were worth $652,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HI. Adviser Investments LLC bought a new position in shares of Hillenbrand during the 1st quarter worth approximately $125,000. Commonwealth Equity Services LLC bought a new position in shares of Hillenbrand during the 1st quarter worth approximately $220,000. Element Capital Management LLC bought a new position in shares of Hillenbrand during the 1st quarter worth approximately $296,000. Banced Corp bought a new position in shares of Hillenbrand during the 2nd quarter worth approximately $332,000. Finally, Everence Capital Management Inc. boosted its stake in shares of Hillenbrand by 41.5% during the 2nd quarter. Everence Capital Management Inc. now owns 7,300 shares of the company’s stock worth $344,000 after acquiring an additional 2,140 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.
Several research analysts have recently commented on HI shares. TheStreet upgraded Hillenbrand from a “c+” rating to an “a-” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Hillenbrand from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, August 3rd. B. Riley set a $62.00 price target on Hillenbrand and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Sidoti downgraded Hillenbrand from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research note on Wednesday, August 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.00.
NYSE HI traded down $0.60 during midday trading on Friday, hitting $52.04. The company had a trading volume of 204,123 shares, compared to its average volume of 256,352. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.22 and a quick ratio of 0.89. Hillenbrand, Inc. has a twelve month low of $38.15 and a twelve month high of $53.41. The stock has a market capitalization of $3.26 billion, a PE ratio of 24.66 and a beta of 1.25.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Hillenbrand had a return on equity of 20.46% and a net margin of 4.04%. The company had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $403.80 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Hillenbrand’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Hillenbrand, Inc. will post 2.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.2075 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.21. Hillenbrand’s payout ratio is currently 39.34%.
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
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