Hillenbrand Inc $HI Stake Raised by Clarkston Capital Partners LLC

Key Points

• Clarkston Capital Partners LLC increased its stake in Hillenbrand Inc by 0.4%, owning 3,760,951 shares valued at approximately $90.8 million, making it the 21st largest holding in their portfolio.
• Several hedge funds have recently modified their positions in Hillenbrand, with notable increases from Sterling Capital Management (712.8%) and State of Wyoming (342.6%).
• Hillenbrand's stock price has seen a decline of 3.8%, and the company reported a revenue drop of 23.9% year-over-year despite beating earnings per share estimates for the latest quarter.

Clarkston Capital Partners LLC grew its holdings in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,760,951 shares of the company's stock after buying an additional 14,200 shares during the period. Hillenbrand accounts for about 1.8% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 21st biggest holding. Clarkston Capital Partners LLC owned 5.34% of Hillenbrand worth $90,789,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in Hillenbrand during the fourth quarter worth approximately $42,000. Sterling Capital Management LLC raised its holdings in Hillenbrand by 712.8% during the fourth 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 in the last quarter. GAMMA Investing LLC raised its holdings in Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after purchasing an additional 781 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Hillenbrand during the first quarter worth approximately $84,000. Finally, State of Wyoming raised its holdings in Hillenbrand by 342.6% during the fourth quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after purchasing an additional 4,193 shares in the last quarter. Institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

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

Hillenbrand Stock Down 3.8%

Hillenbrand stock opened at $24.5970 on Thursday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -98.39 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. Hillenbrand Inc has a fifty-two week low of $18.36 and a fifty-two week high of $35.59. The firm has a fifty day moving average price of $21.62 and a two-hundred day moving average price of $23.52.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $598.90 million during 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 revenue was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, analysts forecast that Hillenbrand Inc will post 2.53 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.