R Squared Ltd Takes Position in Hillenbrand, Inc. (NYSE:HI)

R Squared Ltd bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 890 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HI. GSA Capital Partners LLP purchased a new stake in shares of Hillenbrand in the third quarter worth $627,000. Jane Street Group LLC boosted its position in shares of Hillenbrand by 19.3% during the third quarter. Jane Street Group LLC now owns 205,053 shares of the company’s stock worth $5,700,000 after acquiring an additional 33,117 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Hillenbrand by 284.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock worth $611,000 after acquiring an additional 16,274 shares during the last quarter. Financial Counselors Inc. boosted its position in shares of Hillenbrand by 30.1% during the third quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after acquiring an additional 74,527 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after acquiring an additional 19,546 shares during the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HI has been the subject of a number of research reports. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. KeyCorp lowered their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, DA Davidson reissued a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th.

Hillenbrand Trading Up 3.1 %

NYSE HI opened at $33.79 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -11.30 and a beta of 1.43. The company’s 50-day simple moving average is $32.51 and its two-hundred day simple moving average is $31.90. 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 data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. Hillenbrand’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. Equities analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.66%. This is an increase from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 16th. Hillenbrand’s dividend payout ratio is presently -30.10%.

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.