Parametrica Management Ltd acquired a new position in shares of Hillenbrand Inc (NYSE:HI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,892 shares of the company’s stock, valued at approximately $462,000.
Other institutional investors also recently bought and sold shares of the company. Balyasny Asset Management LLC purchased a new position in Hillenbrand in the second quarter valued at $206,000. Chicago Equity Partners LLC increased its holdings in Hillenbrand by 1,212.6% in the second quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock valued at $3,675,000 after buying an additional 94,040 shares during the last quarter. Schroder Investment Management Group increased its holdings in Hillenbrand by 6.3% in the second quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock valued at $47,183,000 after buying an additional 77,200 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Hillenbrand by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock valued at $18,290,000 after buying an additional 28,972 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Hillenbrand by 2.5% in the second quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock valued at $4,463,000 after buying an additional 3,059 shares during the last quarter. 75.62% of the stock is currently owned by institutional investors and hedge funds.
Hillenbrand Inc (HI) remained flat at $39.55 during trading on Wednesday. 12,381 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $38.64 and a 200 day moving average of $36.90. The company has a market cap of $2.49 billion, a P/E ratio of 20.49 and a beta of 1.26. Hillenbrand Inc has a 12-month low of $28.60 and a 12-month high of $40.35.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The firm had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Hillenbrand Inc will post $2.07 EPS for the current year.
Several equities analysts recently commented on HI shares. Zacks Investment Research raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. FBR & Co reissued an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Capital One Financial Corporation started coverage on Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating on the stock. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Hillenbrand presently has a consensus rating of “Hold”.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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