AlphaQuest LLC Sells 32,312 Shares of Hillenbrand, Inc. (NYSE:HI)

AlphaQuest LLC cut its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 63.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,514 shares of the company’s stock after selling 32,312 shares during the quarter. AlphaQuest LLC’s holdings in Hillenbrand were worth $570,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HI. State of New Jersey Common Pension Fund D increased its holdings in shares of Hillenbrand by 47.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock worth $1,649,000 after purchasing an additional 19,201 shares during the period. Versor Investments LP bought a new position in Hillenbrand in the third quarter valued at approximately $259,000. GSA Capital Partners LLP bought a new position in Hillenbrand in the third quarter valued at approximately $627,000. Aigen Investment Management LP bought a new position in Hillenbrand in the third quarter valued at approximately $210,000. Finally, Victory Capital Management Inc. increased its stake in Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after acquiring an additional 66,741 shares during the last quarter. 89.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HI has been the topic of a number of recent analyst reports. StockNews.com cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. DA Davidson reissued a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. Finally, KeyCorp decreased their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th.

Hillenbrand Stock Performance

NYSE HI opened at $26.24 on Thursday. The firm’s fifty day moving average price is $31.85 and its two-hundred day moving average price is $30.59. The stock has a market cap of $1.85 billion, a PE ratio of -8.36 and a beta of 1.41. Hillenbrand, Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $50.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share 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 in the previous year, the firm earned $0.69 EPS. On average, equities 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, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.43%. Hillenbrand’s dividend payout ratio (DPR) is presently -28.66%.

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.