AlphaQuest LLC Decreases Stock Holdings in Hillenbrand Inc $HI

AlphaQuest LLC cut its holdings in shares of Hillenbrand Inc (NYSE:HI) by 85.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,064 shares of the company’s stock after selling 35,944 shares during the period. AlphaQuest LLC’s holdings in Hillenbrand were worth $164,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Hillenbrand by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company’s stock worth $33,359,000 after buying an additional 11,849 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Hillenbrand by 8.6% during the second quarter. Bank of America Corp DE now owns 682,387 shares of the company’s stock valued at $13,696,000 after buying an additional 53,908 shares during the period. Nordea Investment Management AB raised its position in shares of Hillenbrand by 3.7% in the 3rd quarter. Nordea Investment Management AB now owns 503,722 shares of the company’s stock worth $13,464,000 after acquiring an additional 17,852 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Hillenbrand in the 2nd quarter worth $8,555,000. Finally, Bernzott Capital Advisors increased its holdings in shares of Hillenbrand by 34.6% in the third quarter. Bernzott Capital Advisors now owns 389,330 shares of the company’s stock valued at $10,527,000 after purchasing an additional 99,981 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HI has been the subject of a number of analyst reports. 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. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Hillenbrand in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $31.98 on Thursday. The company’s fifty day moving average price is $31.82 and its two-hundred day moving average price is $28.83. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.22 and a quick ratio of 0.88. Hillenbrand Inc has a 52-week low of $18.36 and a 52-week high of $35.48. The firm has a market capitalization of $2.25 billion, a PE ratio of 52.43 and a beta of 1.40.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.66). Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $607.10 million. On average, analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a $0.2275 dividend. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, December 16th. This represents a $0.91 annualized dividend and a yield of 2.8%. Hillenbrand’s dividend payout ratio is presently 149.18%.

Hillenbrand Company Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.