Jane Street Group LLC Buys 33,117 Shares of Hillenbrand, Inc. (NYSE:HI)

Jane Street Group LLC raised its position in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,053 shares of the company's stock after acquiring an additional 33,117 shares during the quarter. Jane Street Group LLC owned approximately 0.29% of Hillenbrand worth $5,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its holdings in Hillenbrand by 0.6% in the second quarter. GHP Investment Advisors Inc. now owns 51,414 shares of the company's stock worth $2,058,000 after purchasing an additional 320 shares during the period. LRI Investments LLC grew its stake in shares of Hillenbrand by 15.0% in the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company's stock worth $107,000 after buying an additional 349 shares during the last quarter. Arizona State Retirement System increased its position in Hillenbrand by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,639 shares of the company's stock valued at $786,000 after buying an additional 368 shares in the last quarter. KBC Group NV increased its position in Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company's stock valued at $63,000 after buying an additional 551 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Hillenbrand by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company's stock valued at $1,413,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Hillenbrand Stock Performance

Hillenbrand stock traded down $0.41 during mid-day trading on Monday, reaching $31.50. 484,068 shares of the stock traded hands, compared to its average volume of 395,343. The stock has a market capitalization of $2.21 billion, a PE ratio of -10.54 and a beta of 1.43. 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 business's 50-day moving average is $30.52 and its 200-day moving average is $34.47. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58.

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

Hillenbrand Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.86%. This is an increase from Hillenbrand's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand's payout ratio is presently -30.10%.

Wall Street Analyst Weigh In

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

Hillenbrand 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.