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

Jane Street Group LLC cut its holdings in Hillenbrand, Inc. (NYSE:HI - Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Hillenbrand by 3.3% in the fourth quarter. Comerica Bank now owns 54,158 shares of the company's stock worth $1,667,000 after acquiring an additional 1,716 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Hillenbrand in the 4th quarter worth approximately $2,848,000. Northern Trust Corp raised its stake in Hillenbrand by 24.4% during the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock valued at $27,722,000 after buying an additional 176,482 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Hillenbrand by 143.6% during the 4th quarter. Aquatic Capital Management LLC now owns 18,757 shares of the company's stock valued at $577,000 after buying an additional 11,057 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Hillenbrand by 10.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock worth $126,704,000 after buying an additional 387,048 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Hillenbrand Price Performance

HI traded down $0.20 on Friday, hitting $19.57. 750,543 shares of the company's stock traded hands, compared to its average volume of 490,719. Hillenbrand, Inc. has a one year low of $18.36 and a one year high of $46.92. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -6.23 and a beta of 1.56. The company's 50 day simple moving average is $21.50 and its 200-day simple moving average is $28.03.

Hillenbrand (NYSE:HI - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $715.90 million for the quarter, compared to the consensus estimate of $691.00 million. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The company's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, research analysts anticipate that Hillenbrand, Inc. will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

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

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.