Louisiana State Employees Retirement System Grows Position in Hillenbrand, Inc. (NYSE:HI)

Louisiana State Employees Retirement System raised its stake in Hillenbrand, Inc. (NYSE:HI) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,300 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Louisiana State Employees Retirement System owned about 0.05% of Hillenbrand worth $1,413,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Hillenbrand by 3.5% in the first 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 last quarter. Victory Capital Management Inc. grew its holdings in shares of Hillenbrand by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,885,216 shares of the company’s stock worth $138,058,000 after purchasing an additional 283,608 shares during the period. Dimensional Fund Advisors LP increased its position in Hillenbrand by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock worth $83,605,000 after purchasing an additional 120,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hillenbrand by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 868,965 shares of the company’s stock valued at $41,580,000 after buying an additional 39,697 shares during the period. Finally, Norges Bank purchased a new stake in Hillenbrand during the fourth quarter worth approximately $40,130,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Trading Up 2.3 %

HI opened at $33.57 on Monday. The stock has a market capitalization of $2.36 billion, a PE ratio of 27.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 12-month low of $32.65 and a 12-month high of $50.58. The firm’s fifty day moving average price is $39.63 and its 200 day moving average price is $44.12.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $786.60 million for the quarter, compared to analysts’ expectations of $818.16 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. As a group, research analysts expect that Hillenbrand, Inc. will post 3.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HI has been the subject of several recent research reports. StockNews.com downgraded Hillenbrand from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. KeyCorp started coverage on Hillenbrand in a report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hillenbrand has an average rating of “Moderate Buy” and an average price target of $48.00.

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.