Y Intercept Hong Kong Ltd Has $273,000 Holdings in Hillenbrand Inc (NYSE:HI)

Y Intercept Hong Kong Ltd cut its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 56.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,310 shares of the company's stock after selling 14,707 shares during the period. Y Intercept Hong Kong Ltd's holdings in Hillenbrand were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in Hillenbrand in the 4th quarter worth about $42,000. Sterling Capital Management LLC lifted its stake in Hillenbrand by 712.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares in the last quarter. GAMMA Investing LLC lifted its stake in Hillenbrand by 65.9% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after acquiring an additional 781 shares in the last quarter. Covestor Ltd lifted its stake in Hillenbrand by 164.8% in the 4th quarter. Covestor Ltd now owns 5,164 shares of the company's stock worth $159,000 after acquiring an additional 3,214 shares in the last quarter. Finally, State of Wyoming lifted its stake in Hillenbrand by 342.6% in the 4th quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after acquiring an additional 4,193 shares in the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HI has been the subject of several research analyst reports. 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. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th.

Hillenbrand Stock Down 5.0%

Shares of HI traded down $1.03 during midday trading on Friday, reaching $19.68. 622,792 shares of the stock were exchanged, compared to its average volume of 507,781. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $40.51. The firm has a 50 day simple moving average of $20.90 and a 200-day simple moving average of $24.64. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -5.17 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The firm's revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. Research analysts forecast that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. Hillenbrand's dividend payout ratio (DPR) is -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.