Hillenbrand, Inc. (NYSE:HI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Hillenbrand, Inc. (NYSE:HI) by 327.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,903 shares of the company’s stock after buying an additional 13,718 shares during the quarter. SG Americas Securities LLC’s holdings in Hillenbrand were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its position in Hillenbrand by 2.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the company’s stock worth $580,000 after purchasing an additional 259 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Hillenbrand by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,428 shares of the company’s stock worth $1,504,000 after buying an additional 514 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of Hillenbrand by 5.0% in the 1st quarter. Thompson Investment Management Inc. now owns 11,090 shares of the company’s stock worth $558,000 after buying an additional 525 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Hillenbrand by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock valued at $707,000 after acquiring an additional 535 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HI shares. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and cut their price target for the company from $54.00 to $33.00 in a report on Monday, August 12th. Finally, KeyCorp started coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given 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 stock has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Price Performance

HI stock opened at $33.53 on Monday. The firm has a market cap of $2.35 billion, a P/E ratio of 27.71 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand, Inc. has a 1 year low of $32.95 and a 1 year high of $50.58. The stock has a 50-day simple moving average of $40.57 and a 200-day simple moving average of $44.56.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $786.60 million during the quarter, compared to the consensus estimate of $818.16 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. On average, equities analysts predict that Hillenbrand, Inc. will post 3.36 earnings per share for the current fiscal year.

About Hillenbrand

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.