Hillenbrand Inc $HI Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly reduced its holdings in Hillenbrand Inc by 90.7%, selling 49,450 shares to own just 5,046 shares valued at $122,000 as of the last SEC filing.
• In contrast, New York State Common Retirement Fund increased its stake by 130.6%, acquiring an additional 364,461 shares, raising its total to 643,506 shares worth $15,534,000.
• Hillenbrand reported $0.51 EPS for the last quarter, surpassing expectations, but indicated a 23.9% decrease in revenue year-over-year, prompting analysts to set a consensus target price of $32.00 for the stock.

Quantbot Technologies LP trimmed its holdings in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 90.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,046 shares of the company's stock after selling 49,450 shares during the quarter. Quantbot Technologies LP's holdings in Hillenbrand were worth $122,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in Hillenbrand during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC increased its holdings in Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after buying an additional 781 shares during the period. State of Wyoming increased its holdings in Hillenbrand by 342.6% during the fourth quarter. State of Wyoming now owns 5,417 shares of the company's stock valued at $167,000 after buying an additional 4,193 shares during the period. Tower Research Capital LLC TRC increased its holdings in Hillenbrand by 79.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,815 shares of the company's stock valued at $210,000 after buying an additional 3,027 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Hillenbrand in the fourth quarter worth $251,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp lowered shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hillenbrand currently has an average rating of "Hold" and a consensus price target of $32.00.

Hillenbrand Stock Performance

Shares of HI traded down $0.12 during trading hours on Wednesday, reaching $24.54. 37,040 shares of the company traded hands, compared to its average volume of 531,652. The stock has a market capitalization of $1.73 billion, a P/E ratio of -98.17 and a beta of 1.47. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $35.59. The business has a fifty day moving average price of $22.59 and a 200-day moving average price of $22.95.

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

Hillenbrand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.7%. Hillenbrand's payout ratio is -360.00%.

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.