GSA Capital Partners LLP Acquires New Holdings in Hillenbrand, Inc. (NYSE:HI)

GSA Capital Partners LLP purchased a new position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,538 shares of the company's stock, valued at approximately $627,000.

Other large investors have also modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in shares of Hillenbrand during the 1st quarter worth about $755,000. Vanguard Group Inc. lifted its holdings in Hillenbrand by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,702,418 shares of the company's stock worth $437,645,000 after buying an additional 290,275 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Hillenbrand during the 1st quarter valued at about $3,285,000. Raymond James & Associates lifted its stake in Hillenbrand by 4.3% in the second quarter. Raymond James & Associates now owns 392,196 shares of the company's stock valued at $15,696,000 after buying an additional 16,323 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Hillenbrand during the 1st quarter valued at about $281,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Shares of NYSE:HI traded down $0.81 on Tuesday, reaching $31.43. 470,672 shares of the company traded hands, compared to its average volume of 392,223. The stock has a market capitalization of $2.21 billion, a PE ratio of -10.55 and a beta of 1.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The company's 50 day moving average is $28.11 and its 200-day moving average is $35.94. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. During the same quarter last year, the company posted $1.13 EPS. Hillenbrand's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, analysts anticipate that Hillenbrand, Inc. will post 3.05 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.2225 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Hillenbrand's previous quarterly dividend of $0.22. Hillenbrand's dividend payout ratio (DPR) is -29.77%.

Analyst Ratings Changes

HI has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. StockNews.com lowered shares of Hillenbrand from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Finally, DA Davidson restated a "neutral" rating and issued a $33.00 target price on shares of Hillenbrand in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.67.

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.