Aigen Investment Management LP Cuts Stock Position in Hillenbrand, Inc. (NYSE:HI)

Aigen Investment Management LP cut its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 11.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,666 shares of the company’s stock after selling 874 shares during the period. Aigen Investment Management LP’s holdings in Hillenbrand were worth $205,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HI. Wilmington Savings Fund Society FSB bought a new position in shares of Hillenbrand during the 3rd quarter valued at about $17,178,000. New York State Common Retirement Fund lifted its position in shares of Hillenbrand by 131.4% in the fourth quarter. New York State Common Retirement Fund now owns 279,045 shares of the company’s stock worth $8,589,000 after buying an additional 158,464 shares in the last quarter. Edgestream Partners L.P. bought a new position in Hillenbrand during the third quarter valued at approximately $4,368,000. Charles Schwab Investment Management Inc. grew its holdings in Hillenbrand by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,818 shares of the company’s stock valued at $33,391,000 after buying an additional 105,865 shares in the last quarter. Finally, Financial Counselors Inc. grew its holdings in Hillenbrand by 30.1% during the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock valued at $8,959,000 after buying an additional 74,527 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Hillenbrand Stock Down 0.6 %

Shares of HI opened at $27.56 on Monday. The firm has a fifty day moving average price of $32.11 and a 200-day moving average price of $30.72. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $1.94 billion, a P/E ratio of -8.78 and a beta of 1.41. Hillenbrand, Inc. has a 12-month low of $25.11 and a 12-month high of $50.58.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, February 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. During the same quarter last year, the firm earned $0.69 EPS. Equities research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Hillenbrand’s dividend payout ratio is -28.66%.

Wall Street Analysts Forecast Growth

HI has been the subject of a number of research reports. KeyCorp lowered their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 target price on shares of Hillenbrand in a report on Friday, November 15th.

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.