Versor Investments LP Increases Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Versor Investments LP increased its holdings in Hillenbrand, Inc. (NYSE:HI) by 205.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,400 shares of the company’s stock after acquiring an additional 19,100 shares during the quarter. Versor Investments LP’s holdings in Hillenbrand were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new stake in Hillenbrand in the fourth quarter worth $1,013,000. Y Intercept Hong Kong Ltd lifted its stake in Hillenbrand by 224.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,017 shares of the company’s stock worth $801,000 after acquiring an additional 17,994 shares during the period. Handelsbanken Fonder AB lifted its stake in Hillenbrand by 35.0% in the fourth quarter. Handelsbanken Fonder AB now owns 21,997 shares of the company’s stock worth $677,000 after acquiring an additional 5,700 shares during the period. Ieq Capital LLC lifted its stake in Hillenbrand by 23.6% in the fourth quarter. Ieq Capital LLC now owns 9,711 shares of the company’s stock worth $299,000 after acquiring an additional 1,853 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after acquiring an additional 158,464 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of Hillenbrand stock opened at $29.33 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $2.07 billion, a P/E ratio of -9.34 and a beta of 1.43. The business has a fifty day simple moving average of $32.43 and a two-hundred day simple moving average of $31.01. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts forecast that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 annualized dividend and a dividend yield of 3.07%. Hillenbrand’s payout ratio is presently -28.66%.

Wall Street Analysts Forecast Growth

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