ProShare Advisors LLC Grows Holdings in Hillenbrand Inc $HI

ProShare Advisors LLC increased its holdings in Hillenbrand Inc (NYSE:HI) by 8.7% in the 2nd quarter, Holdings Channel reports. The fund owned 297,637 shares of the company’s stock after buying an additional 23,938 shares during the quarter. ProShare Advisors LLC’s holdings in Hillenbrand were worth $5,974,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HI. Public Employees Retirement System of Ohio increased its position in Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock valued at $49,000 after buying an additional 547 shares in the last quarter. CWM LLC grew its stake in shares of Hillenbrand by 6.4% in the first quarter. CWM LLC now owns 10,063 shares of the company’s stock worth $243,000 after acquiring an additional 608 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Hillenbrand by 0.5% during the second quarter. Blue Trust Inc. now owns 165,547 shares of the company’s stock valued at $3,323,000 after acquiring an additional 856 shares in the last quarter. Petrus Trust Company LTA raised its position in shares of Hillenbrand by 6.0% in the 1st quarter. Petrus Trust Company LTA now owns 17,121 shares of the company’s stock worth $413,000 after purchasing an additional 972 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Hillenbrand by 8.4% in the 1st quarter. Inspire Investing LLC now owns 14,126 shares of the company’s stock worth $341,000 after purchasing an additional 1,096 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $31.67 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $2.23 billion, a PE ratio of -126.68 and a beta of 1.50. The firm’s 50 day moving average price is $28.16 and its 200-day moving average price is $23.95. Hillenbrand Inc has a twelve month low of $18.36 and a twelve month high of $35.59.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The business had revenue of $598.90 million for the quarter, compared to the consensus estimate of $572.48 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was down 23.9% on a year-over-year basis. Equities research analysts expect that Hillenbrand Inc will post 2.53 EPS for the current year.

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.90 dividend on an annualized basis and a yield of 2.8%. Hillenbrand’s payout ratio is currently -360.00%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hillenbrand in a research note on Wednesday, October 8th. Zacks Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. DA Davidson increased their target price on Hillenbrand from $24.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, CJS Securities reissued a “market perform” rating and issued a $32.00 target price on shares of Hillenbrand in a report on Thursday, October 16th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hillenbrand currently has a consensus rating of “Hold” and an average price target of $32.00.

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.