KBC Group NV trimmed its stake in shares of Hillenbrand, Inc. (NYSE:HI – Free Report) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,741 shares of the company’s stock after selling 525 shares during the quarter. KBC Group NV’s holdings in Hillenbrand were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in HI. State of New Jersey Common Pension Fund D lifted its position in Hillenbrand by 7.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 50,632 shares of the company’s stock worth $2,407,000 after purchasing an additional 3,432 shares during the period. Valeo Financial Advisors LLC boosted its stake in Hillenbrand by 4.3% during the first quarter. Valeo Financial Advisors LLC now owns 73,338 shares of the company’s stock valued at $3,486,000 after buying an additional 3,023 shares in the last quarter. HRT Financial LP grew its holdings in Hillenbrand by 168.4% during the fourth quarter. HRT Financial LP now owns 159,672 shares of the company’s stock worth $6,813,000 after acquiring an additional 100,188 shares during the period. Financial Counselors Inc. raised its position in Hillenbrand by 0.8% in the first quarter. Financial Counselors Inc. now owns 206,761 shares of the company’s stock worth $9,827,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Hillenbrand by 30.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,887,610 shares of the company’s stock valued at $80,544,000 after acquiring an additional 438,427 shares during the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, VP J Michael Whitted sold 4,000 shares of Hillenbrand stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $52.23, for a total transaction of $208,920.00. Following the transaction, the vice president now owns 24,309 shares in the company, valued at $1,269,659.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hillenbrand news, VP J Michael Whitted sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $52.23, for a total value of $208,920.00. Following the transaction, the vice president now owns 24,309 shares in the company, valued at approximately $1,269,659.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Helen W. Cornell bought 5,200 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were bought at an average cost of $48.65 per share, with a total value of $252,980.00. Following the purchase, the director now directly owns 5,200 shares in the company, valued at $252,980. The disclosure for this purchase can be found here. In the last three months, insiders have sold 61,086 shares of company stock worth $3,173,709. Corporate insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a report on Thursday, May 11th.
Hillenbrand Stock Performance
HI opened at $48.05 on Friday. The business has a fifty day simple moving average of $51.25 and a 200-day simple moving average of $47.99. The firm has a market cap of $3.34 billion, a PE ratio of 5.54 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.78. Hillenbrand, Inc. has a fifty-two week low of $36.16 and a fifty-two week high of $53.76.
Hillenbrand (NYSE:HI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Hillenbrand had a return on equity of 18.21% and a net margin of 21.62%. The firm had revenue of $716.60 million for the quarter, compared to analysts’ expectations of $728.00 million. During the same quarter last year, the business posted $0.92 EPS. Hillenbrand’s revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that Hillenbrand, Inc. will post 3.4 EPS for the current fiscal year.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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.
Receive News & Ratings for Hillenbrand Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hillenbrand and related companies with MarketBeat.com’s FREE daily email newsletter.