Jane Street Group LLC Cuts Stock Position in Hillenbrand, Inc. (NYSE:HI)

Jane Street Group LLC trimmed its holdings in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) by 90.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,789 shares of the company's stock after selling 186,264 shares during the quarter. Jane Street Group LLC's holdings in Hillenbrand were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HI. Fifth Third Bancorp boosted its holdings in shares of Hillenbrand by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 80,208 shares of the company's stock worth $2,469,000 after purchasing an additional 387 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Hillenbrand by 6.1% in 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 in the last quarter. R Squared Ltd purchased a new position in shares of Hillenbrand in the 4th quarter worth about $27,000. YANKCOM Partnership bought a new stake in shares of Hillenbrand in the 4th quarter valued at about $30,000. Finally, Swiss National Bank lifted its stake in shares of Hillenbrand by 0.7% in the 4th quarter. Swiss National Bank now owns 138,159 shares of the company's stock valued at $4,253,000 after acquiring an additional 1,000 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on HI. Wall Street Zen lowered Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. Finally, DA Davidson lowered their target price on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st.

Hillenbrand Trading Down 1.0%

HI traded down $0.20 during midday trading on Friday, reaching $19.57. 750,543 shares of the company's stock traded hands, compared to its average volume of 491,650. The firm has a fifty day moving average of $21.37 and a two-hundred day moving average of $27.90. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -6.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.34 and a quick ratio of 0.86. Hillenbrand, Inc. has a 52 week low of $18.36 and a 52 week high of $46.92.

Hillenbrand (NYSE:HI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The business had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. Hillenbrand's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand's dividend payout ratio is currently -23.62%.

About Hillenbrand

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.