Intech Investment Management LLC Purchases 21,384 Shares of Hillenbrand, Inc. (NYSE:HI)

Intech Investment Management LLC lifted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 271.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,267 shares of the company’s stock after buying an additional 21,384 shares during the quarter. Intech Investment Management LLC’s holdings in Hillenbrand were worth $814,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hillenbrand by 284.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock worth $611,000 after purchasing an additional 16,274 shares during the period. Quest Partners LLC bought a new position in shares of Hillenbrand during the third quarter worth $1,413,000. OneDigital Investment Advisors LLC grew its stake in Hillenbrand by 3.8% during the third quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock valued at $463,000 after acquiring an additional 603 shares in the last quarter. KBC Group NV increased its holdings in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after acquiring an additional 551 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Hillenbrand in the 3rd quarter worth $236,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Price Performance

HI opened at $33.84 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $29.10 and its 200-day simple moving average is $35.45. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -11.32 and a beta of 1.38. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $793.38 million. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Hillenbrand’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Hillenbrand, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HI shares. KeyCorp dropped their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. StockNews.com upgraded Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hillenbrand presently has an average rating of “Moderate Buy” and an average price target 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.