Versor Investments LP Increases Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Versor Investments LP increased its stake in Hillenbrand, Inc. (NYSE:HI) by 205.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,400 shares of the company’s stock after purchasing an additional 19,100 shares during the period. Versor Investments LP’s holdings in Hillenbrand were worth $874,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Hillenbrand in the third quarter worth approximately $627,000. Jane Street Group LLC increased its position in shares of Hillenbrand by 19.3% in the third quarter. Jane Street Group LLC now owns 205,053 shares of the company’s stock worth $5,700,000 after purchasing an additional 33,117 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hillenbrand by 284.5% in the third 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 last quarter. Financial Counselors Inc. increased its position in shares of Hillenbrand by 30.1% in the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after purchasing an additional 74,527 shares during the last quarter. Finally, State Street Corp increased its position in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HI shares. DA Davidson reiterated a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th. StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp reduced their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th.

Hillenbrand Stock Down 3.6 %

Shares of NYSE HI opened at $29.33 on Friday. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $32.43 and its two-hundred day simple moving average is $31.01. The stock has a market capitalization of $2.07 billion, a P/E ratio of -9.34 and a beta of 1.43.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter last year, the firm earned $0.69 earnings per share. As a group, analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is presently -28.66%.

Hillenbrand Company Profile

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.