Channing Capital Management LLC Acquires 1,502,548 Shares of Hillenbrand Inc $HI

Key Points

• Channing Capital Management LLC increased its stake in Hillenbrand Inc by 224.0%, acquiring an additional 1,502,548 shares, leading to a total ownership of about 3.08% worth $52.5 million.
• Other institutional investors have also shown interest, with significant increases in holdings, resulting in institutional ownership now at 89.09%.
• Hillenbrand reported earnings of $0.51 per share for the last quarter, slightly exceeding analyst predictions, but showed a 23.9% decline in revenue year-over-year.

Channing Capital Management LLC boosted its holdings in Hillenbrand Inc (NYSE:HI - Free Report) by 224.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,173,373 shares of the company's stock after acquiring an additional 1,502,548 shares during the quarter. Channing Capital Management LLC owned 3.08% of Hillenbrand worth $52,465,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Hillenbrand in the 4th quarter valued at about $42,000. Sterling Capital Management LLC lifted its position in Hillenbrand by 712.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after acquiring an additional 1,333 shares in the last quarter. GAMMA Investing LLC lifted its position in Hillenbrand by 65.9% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after acquiring an additional 781 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Hillenbrand in the 1st quarter valued at about $84,000. Finally, State of Wyoming lifted its position in Hillenbrand by 342.6% in the 4th quarter. State of Wyoming now owns 5,417 shares of the company's stock valued at $167,000 after acquiring an additional 4,193 shares in the last quarter. Institutional investors own 89.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HI shares. DA Davidson reduced their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. KeyCorp cut shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $32.00.

Hillenbrand Stock Performance

Shares of NYSE:HI traded down $0.7350 during mid-day trading on Monday, reaching $25.3450. The company had a trading volume of 378,115 shares, compared to its average volume of 536,377. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -101.38 and a beta of 1.46. The company's 50-day moving average price is $21.79 and its 200-day moving average price is $23.28. Hillenbrand Inc has a one year low of $18.36 and a one year high of $35.59.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $598.90 million for the quarter, compared to analysts' expectations of $572.48 million. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. Hillenbrand's revenue was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, equities research analysts anticipate that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

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.