Y Intercept Hong Kong Ltd Trims Holdings in Hillenbrand Inc (NYSE:HI)

Y Intercept Hong Kong Ltd lessened its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 56.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new stake in Hillenbrand in the fourth quarter valued at approximately $42,000. Sterling Capital Management LLC grew its stake in Hillenbrand by 712.8% in 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 during the period. GAMMA Investing LLC boosted its holdings in Hillenbrand by 65.9% in the first 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 position in Hillenbrand by 164.8% during the fourth quarter. Covestor Ltd now owns 5,164 shares of the company's stock valued at $159,000 after purchasing an additional 3,214 shares during the period. Finally, State of Wyoming raised its stake in shares of Hillenbrand by 342.6% in the fourth quarter. State of Wyoming now owns 5,417 shares of the company's stock worth $167,000 after buying an additional 4,193 shares during the period. Institutional investors own 89.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th.

Hillenbrand Trading Down 5.0%

NYSE HI traded down $1.03 during trading on Friday, hitting $19.68. The stock had a trading volume of 622,792 shares, compared to its average volume of 407,863. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -5.17 and a beta of 1.46. The stock has a 50 day simple moving average of $20.92 and a 200 day simple moving average of $24.56. Hillenbrand Inc has a one year low of $18.36 and a one year high of $40.51. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51.

Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly 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. Hillenbrand had a negative net margin of 8.82% and a positive return on equity of 15.03%. The company had revenue of $715.90 million for the quarter, compared to the consensus estimate of $691.00 million. During the same quarter last year, the firm posted $0.76 EPS. The firm's revenue was down 8.8% compared to the same quarter last year. Sell-side analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is currently -23.62%.

Hillenbrand Company 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.