Public Sector Pension Investment Board Raises Holdings in Hillenbrand Inc $HI

Key Points

• The Public Sector Pension Investment Board increased its stake in Hillenbrand Inc by 27.6%, owning 223,316 shares worth approximately $5.39 million as of the latest disclosure.
• Despite the increased investments from some institutions, analysts at KeyCorp downgraded Hillenbrand's rating from "overweight" to "sector weight," while DA Davidson lowered its price target from $33 to $24.
• Hillenbrand reported a negative net margin of 0.63% in its latest earnings, with quarterly revenue down 23.9% compared to the same period last year.

Public Sector Pension Investment Board boosted its position in Hillenbrand Inc (NYSE:HI - Free Report) by 27.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,316 shares of the company's stock after purchasing an additional 48,356 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Hillenbrand worth $5,391,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Hillenbrand by 4.2% in the 4th quarter. LPL Financial LLC now owns 28,997 shares of the company's stock worth $893,000 after buying an additional 1,182 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hillenbrand by 128.3% during the 4th quarter. JPMorgan Chase & Co. now owns 183,109 shares of the company's stock valued at $5,636,000 after buying an additional 102,916 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Hillenbrand during the 4th quarter valued at about $324,000. Bank of Montreal Can lifted its position in shares of Hillenbrand by 6.1% during the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock valued at $401,000 after buying an additional 746 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Hillenbrand during the 4th quarter valued at about $7,782,000. Institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HI shares. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th. DA Davidson reduced their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hillenbrand presently has an average rating of "Hold" and a consensus target price of $32.00.

Hillenbrand Trading Down 0.1%

HI traded down $0.0220 during trading hours on Thursday, reaching $24.5780. 153,226 shares of the company's stock traded hands, compared to its average volume of 534,602. The firm has a 50-day moving average price of $21.62 and a 200 day moving average price of $23.52. Hillenbrand Inc has a 52-week low of $18.36 and a 52-week high of $35.59. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $1.73 billion, a PE ratio of -98.42 and a beta of 1.46.

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

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.