GSA Capital Partners LLP Takes $627,000 Position in Hillenbrand, Inc. (NYSE:HI)

GSA Capital Partners LLP purchased a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the third quarter, according to its most recent filing with the SEC. The firm purchased 22,538 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HI. Vanguard Group Inc. lifted its position in shares of Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company’s stock valued at $437,645,000 after acquiring an additional 290,275 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares in the last quarter. Bernzott Capital Advisors increased its stake in shares of Hillenbrand by 51.3% during the 3rd quarter. Bernzott Capital Advisors now owns 225,753 shares of the company’s stock worth $6,276,000 after purchasing an additional 76,533 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Hillenbrand during the 1st quarter worth approximately $3,285,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Hillenbrand by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,186 shares of the company’s stock worth $33,384,000 after purchasing an additional 21,986 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Down 1.6 %

Shares of NYSE HI opened at $32.25 on Tuesday. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The firm has a fifty day moving average of $28.01 and a 200-day moving average of $36.00. The stock has a market capitalization of $2.26 billion, a PE ratio of -10.79 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same period in the previous year, the company earned $1.13 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts anticipate that Hillenbrand, Inc. will post 3.05 EPS for the current year.

Hillenbrand Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.2225 per share. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 annualized dividend and a dividend yield of 2.76%. Hillenbrand’s payout ratio is presently -29.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HI shares. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. DA Davidson reaffirmed a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research note on Friday. Finally, StockNews.com cut shares of Hillenbrand from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.