Versor Investments LP Raises Stock Position in Hillenbrand, Inc. (NYSE:HI)

Versor Investments LP raised its position in Hillenbrand, Inc. (NYSE:HI - Free Report) by 205.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,400 shares of the company's stock after acquiring an additional 19,100 shares during the quarter. Versor Investments LP's holdings in Hillenbrand were worth $874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Hillenbrand during the 4th quarter worth approximately $27,000. YANKCOM Partnership purchased a new stake in shares of Hillenbrand during the fourth quarter worth $30,000. GAMMA Investing LLC raised its stake in shares of Hillenbrand by 107.5% in the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company's stock valued at $36,000 after acquiring an additional 614 shares in the last quarter. Kennebec Savings Bank purchased a new position in Hillenbrand in the third quarter valued at $48,000. Finally, Tompkins Financial Corp acquired a new position in Hillenbrand during the 4th quarter worth $54,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp reduced their price target on Hillenbrand from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, DA Davidson reissued a "neutral" rating and issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th.

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Hillenbrand Stock Performance

Shares of HI traded down $2.31 during midday trading on Monday, reaching $27.59. 509,482 shares of the stock were exchanged, compared to its average volume of 454,877. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -8.79 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58. The business's 50-day moving average price is $32.43 and its 200 day moving average price is $30.94.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, sell-side analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, March 14th. Hillenbrand's payout ratio is -28.66%.

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.