Edgestream Partners L.P. Acquires New Holdings in Hillenbrand Inc $HI

Edgestream Partners L.P. bought a new position in shares of Hillenbrand Inc (NYSE:HI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 305,950 shares of the company’s stock, valued at approximately $6,140,000. Edgestream Partners L.P. owned 0.43% of Hillenbrand as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after buying an additional 547 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Hillenbrand during the first quarter valued at about $84,000. Jones Financial Companies Lllp boosted its holdings in Hillenbrand by 622.7% during the first quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after acquiring an additional 3,213 shares during the period. MGO One Seven LLC acquired a new stake in shares of Hillenbrand in the second quarter valued at about $202,000. Finally, Wealthedge Investment Advisors LLC bought a new position in shares of Hillenbrand in the first quarter worth about $204,000. Institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of NYSE HI opened at $31.83 on Wednesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -127.30 and a beta of 1.50. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.59. The business has a fifty day simple moving average of $29.91 and a 200 day simple moving average of $24.93. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.21. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The firm had revenue of $652.10 million for the quarter, compared to the consensus estimate of $592.25 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The business’s revenue was down 22.1% compared to the same quarter last year. Sell-side analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

HI has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hillenbrand in a research note on Wednesday, October 8th. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, November 20th. Zacks Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, CJS Securities reissued a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.