FORA Capital LLC Takes $248,000 Position in Hillenbrand, Inc. (NYSE:HI)

FORA Capital LLC acquired a new stake in Hillenbrand, Inc. (NYSE:HI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,934 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Hillenbrand in the third quarter valued at approximately $627,000. Raymond James & Associates lifted its position in shares of Hillenbrand by 4.3% in the second quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock valued at $15,696,000 after buying an additional 16,323 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Hillenbrand by 284.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock valued at $611,000 after buying an additional 16,274 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Hillenbrand by 47.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock valued at $1,649,000 after buying an additional 19,201 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Hillenbrand during the 3rd quarter worth approximately $1,413,000. 89.09% of the stock is owned by institutional investors and hedge funds.

Hillenbrand Price Performance

Hillenbrand stock opened at $34.06 on Friday. The stock’s fifty day moving average price is $29.24 and its two-hundred day moving average price is $35.38. Hillenbrand, Inc. has a one year low of $25.11 and a one year high of $50.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The firm has a market cap of $2.39 billion, a PE ratio of -11.39 and a beta of 1.38.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. During the same quarter last year, the company earned $1.13 EPS. The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts expect that Hillenbrand, Inc. will post 3.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, KeyCorp dropped their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hillenbrand presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

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.