Dynamic Technology Lab Private Ltd Acquires New Holdings in Hillenbrand, Inc. (NYSE:HI)

Dynamic Technology Lab Private Ltd bought a new stake in Hillenbrand, Inc. (NYSE:HI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,233 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds also recently bought and sold shares of the company. Matrix Trust Co bought a new position in shares of Hillenbrand during the 3rd quarter valued at about $25,000. GAMMA Investing LLC lifted its stake in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after buying an additional 262 shares in the last quarter. Kennebec Savings Bank bought a new position in Hillenbrand in the third quarter valued at approximately $48,000. KBC Group NV increased its position in shares of Hillenbrand by 32.2% during the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after acquiring an additional 551 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Hillenbrand during the third quarter worth $75,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HI has been the subject of a number of research analyst reports. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. KeyCorp decreased their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report 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 note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Trading Up 0.6 %

Shares of NYSE:HI opened at $34.03 on Monday. The stock has a market capitalization of $2.39 billion, a PE ratio of -11.38 and a beta of 1.38. The company’s 50-day moving average price is $29.24 and its two-hundred day moving average price is $35.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58.

Hillenbrand (NYSE:HI) last posted 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. 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 business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. On average, equities analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

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.