Quantbot Technologies LP Takes Position in Hillenbrand, Inc. (NYSE:HI)

Quantbot Technologies LP purchased a new position in shares of Hillenbrand, Inc. (NYSE:HI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,649 shares of the company’s stock, valued at approximately $1,547,000. Quantbot Technologies LP owned approximately 0.08% of Hillenbrand at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HI. GAMMA Investing LLC grew its stake in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Matrix Trust Co bought a new stake in Hillenbrand in the 3rd quarter worth about $25,000. Kennebec Savings Bank bought a new stake in Hillenbrand in the 3rd quarter worth about $48,000. Summit Securities Group LLC purchased a new stake in Hillenbrand in the 2nd quarter valued at about $90,000. Finally, KBC Group NV lifted its position in shares of Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after buying an additional 551 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HI shares. StockNews.com raised Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. KeyCorp reduced their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and set a $33.00 target price on shares of Hillenbrand in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand Trading Up 0.7 %

NYSE:HI opened at $34.06 on Friday. The firm’s 50 day moving average is $29.24 and its 200 day moving average is $35.38. Hillenbrand, Inc. has a 12 month low of $25.11 and a 12 month high of $50.58. The stock has a market capitalization of $2.39 billion, a PE ratio of -11.39 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

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.