Charles Schwab Investment Management Inc. Acquires 57,987 Shares of 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. grew its position in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 about 1.62% of Hillenbrand worth $27,587,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HI. Envestnet Asset Management Inc. bought a new position in Hillenbrand during the 4th quarter worth approximately $324,000. Bank of Montreal Can raised its holdings in Hillenbrand by 6.1% during the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock worth $401,000 after purchasing an additional 746 shares during the last quarter. Raymond James Financial Inc. bought a new position in Hillenbrand during the 4th quarter worth approximately $7,782,000. Sterling Capital Management LLC raised its holdings in Hillenbrand by 712.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Mariner LLC raised its holdings in Hillenbrand by 7.9% during the 4th quarter. Mariner LLC now owns 15,776 shares of the company's stock worth $486,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HI. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson cut their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Hillenbrand presently has an average rating of "Hold" and an average target price of $32.00.

Hillenbrand Stock Down 1.4%

Shares of HI stock traded down $0.3630 during trading hours on Monday, reaching $25.7170. The company had a trading volume of 8,159 shares, compared to its average volume of 534,090. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -102.82 and a beta of 1.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87. The business has a fifty day simple moving average of $21.79 and a 200-day simple moving average of $23.28. Hillenbrand Inc has a 12 month low of $18.36 and a 12 month high of $35.59.

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