Y Intercept Hong Kong Ltd Has $801,000 Stock Position in Hillenbrand, Inc. (NYSE:HI)

Y Intercept Hong Kong Ltd boosted its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 224.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,017 shares of the company's stock after buying an additional 17,994 shares during the period. Y Intercept Hong Kong Ltd's holdings in Hillenbrand were worth $801,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Handelsbanken Fonder AB increased its stake in Hillenbrand by 35.0% during the fourth quarter. Handelsbanken Fonder AB now owns 21,997 shares of the company's stock valued at $677,000 after acquiring an additional 5,700 shares during the period. Ieq Capital LLC increased its position in shares of Hillenbrand by 23.6% during the fourth quarter. Ieq Capital LLC now owns 9,711 shares of the company's stock valued at $299,000 after purchasing an additional 1,853 shares during the period. New York State Common Retirement Fund raised its stake in shares of Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company's stock valued at $8,589,000 after purchasing an additional 158,464 shares in the last quarter. CIBC Asset Management Inc bought a new position in Hillenbrand in the fourth quarter worth $216,000. Finally, Principal Financial Group Inc. lifted its position in Hillenbrand by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 341,358 shares of the company's stock worth $10,507,000 after purchasing an additional 9,755 shares during the period. 89.09% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

HI has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. StockNews.com cut shares of Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson reiterated a "neutral" rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Price Performance

Hillenbrand stock traded down $0.11 on Tuesday, reaching $27.48. The company's stock had a trading volume of 180,747 shares, compared to its average volume of 448,998. The business's fifty day moving average price is $32.38 and its 200 day moving average price is $30.89. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -8.75 and a beta of 1.43. Hillenbrand, Inc. has a twelve month low of $25.11 and a twelve month high of $50.58.

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

Hillenbrand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, March 14th. Hillenbrand's dividend payout ratio is currently -28.66%.

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.