Y Intercept Hong Kong Ltd Has $801,000 Stake in Hillenbrand, Inc. (NYSE:HI)

Y Intercept Hong Kong Ltd raised its stake in Hillenbrand, Inc. (NYSE:HI) by 224.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,017 shares of the company’s stock after buying an additional 17,994 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hillenbrand were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in shares of Hillenbrand during the third quarter worth about $627,000. Jane Street Group LLC raised 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 purchasing an additional 33,117 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised 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 purchasing an additional 16,274 shares during the period. Financial Counselors Inc. raised 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 purchasing an additional 74,527 shares during the period. Finally, State Street Corp raised 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 purchasing an additional 19,546 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Up 1.8 %

Shares of Hillenbrand stock opened at $29.86 on Friday. The business’s 50 day simple moving average is $32.43 and its 200 day simple moving average is $31.00. Hillenbrand, Inc. has a 52-week low of $25.11 and a 52-week high of $50.58. The firm has a market cap of $2.10 billion, a PE ratio of -9.51 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same period last year, the firm posted $0.69 EPS. On average, analysts predict that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.225 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 3.01%. Hillenbrand’s dividend payout ratio is -28.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. DA Davidson reaffirmed a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a research report on Friday, November 15th. KeyCorp dropped their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com lowered Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Company 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.