Charles Schwab Investment Management Inc. Has $27.59 Million Stock Position in Hillenbrand Inc $HI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hillenbrand Inc. by 5.3% during Q1, now owning approximately 1.62% of the company, valued at $27.6 million.
• Several institutional investors have also significantly increased their holdings in Hillenbrand, with 89.09% of the company's stock owned by hedge funds and other institutions.
• Hillenbrand reported earnings of $0.51 per share for the recent quarter, surpassing estimates, but experienced a 23.9% decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. raised its position in Hillenbrand Inc (NYSE:HI - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,142,805 shares of the company's stock after purchasing an additional 57,987 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.62% of Hillenbrand worth $27,587,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Hillenbrand in the fourth quarter valued at about $42,000. Sterling Capital Management LLC raised its position in Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock valued at $47,000 after purchasing an additional 1,333 shares during the last quarter. GAMMA Investing LLC raised its position in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after purchasing an additional 781 shares during the last quarter. State of Wyoming raised its position in Hillenbrand by 342.6% in the fourth quarter. State of Wyoming now owns 5,417 shares of the company's stock valued at $167,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Hillenbrand by 79.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,815 shares of the company's stock valued at $210,000 after purchasing an additional 3,027 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HI shares. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson dropped their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $32.00.

Hillenbrand Trading Down 2.8%

Shares of HI stock traded down $0.7350 on Monday, hitting $25.3450. The company had a trading volume of 378,115 shares, compared to its average volume of 744,906. The firm has a market cap of $1.79 billion, a P/E ratio of -101.38 and a beta of 1.46. The stock's 50-day moving average is $21.89 and its two-hundred day moving average is $23.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.59.

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

Hillenbrand 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.