Schonfeld Strategic Advisors LLC Purchases New Shares in Hillenbrand, Inc. (NYSE:HI)

Schonfeld Strategic Advisors LLC bought a new stake in shares of Hillenbrand, Inc. (NYSE:HI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 92,540 shares of the company's stock, valued at approximately $2,848,000. Schonfeld Strategic Advisors LLC owned about 0.13% of Hillenbrand at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Hillenbrand by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company's stock worth $33,391,000 after buying an additional 105,865 shares during the last quarter. Vanguard Group Inc. grew its position in Hillenbrand by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,666,374 shares of the company's stock worth $266,751,000 after purchasing an additional 59,311 shares during the period. Channing Capital Management LLC purchased a new stake in Hillenbrand during the 4th quarter valued at $20,648,000. Amundi boosted its stake in shares of Hillenbrand by 186.2% in the 4th quarter. Amundi now owns 35,382 shares of the company's stock worth $1,100,000 after buying an additional 23,019 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Hillenbrand during the fourth quarter valued at $1,871,000. Hedge funds and other institutional investors own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HI. DA Davidson reduced their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. KeyCorp cut shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday. Finally, StockNews.com lowered Hillenbrand from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Hillenbrand Stock Performance

NYSE HI traded down $0.08 on Friday, reaching $20.80. 415,654 shares of the stock were exchanged, compared to its average volume of 478,279. The firm has a market capitalization of $1.47 billion, a PE ratio of -6.62 and a beta of 1.56. Hillenbrand, Inc. has a one year low of $18.36 and a one year high of $46.92. The company's 50-day simple moving average is $23.05 and its two-hundred day simple moving average is $28.83. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Hillenbrand (NYSE:HI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million during 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%. Hillenbrand's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Analysts expect that Hillenbrand, Inc. will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.90 annualized dividend and a yield of 4.33%. Hillenbrand's payout ratio is -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.