Charles Schwab Investment Management Inc. Grows Position in Hillenbrand, Inc. (NYSE:HI)

Charles Schwab Investment Management Inc. increased its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 978,953 shares of the company's stock after acquiring an additional 48,390 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.39% of Hillenbrand worth $27,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HI. Matrix Trust Co purchased a new position in shares of Hillenbrand in the third quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company's stock worth $28,000 after buying an additional 262 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Hillenbrand in the third quarter worth approximately $48,000. KBC Group NV boosted its holdings in shares of Hillenbrand by 32.2% in the third quarter. KBC Group NV now owns 2,263 shares of the company's stock worth $63,000 after buying an additional 551 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Hillenbrand in the third quarter worth approximately $75,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HI has been the topic of a number of research reports. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. DA Davidson restated a "neutral" rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. Finally, StockNews.com upgraded shares of Hillenbrand from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.67.

Hillenbrand Stock Performance

Shares of HI traded down $1.72 during trading hours on Thursday, reaching $32.94. 413,218 shares of the company traded hands, compared to its average volume of 394,145. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average price is $29.69 and its 200 day moving average price is $35.09.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to the consensus estimate of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. As a group, sell-side analysts expect that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

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.