Hillenbrand Inc (HI) Stake Lifted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lifted its stake in shares of Hillenbrand Inc (NYSE:HI) by 49.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,020 shares of the company’s stock after acquiring an additional 10,919 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of Hillenbrand worth $1,283,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Balyasny Asset Management LLC purchased a new position in shares of Hillenbrand during the 2nd quarter worth about $206,000. Chicago Equity Partners LLC lifted its holdings in shares of Hillenbrand by 1,212.6% during the 2nd quarter. Chicago Equity Partners LLC now owns 101,795 shares of the company’s stock worth $3,675,000 after acquiring an additional 94,040 shares during the period. Koch Industries Inc. purchased a new position in shares of Hillenbrand during the 2nd quarter worth about $308,000. Schroder Investment Management Group lifted its holdings in shares of Hillenbrand by 6.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,305,211 shares of the company’s stock worth $47,183,000 after acquiring an additional 77,200 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Hillenbrand by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock worth $4,463,000 after acquiring an additional 3,059 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.
In related news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $43.25, for a total value of $1,494,936.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total transaction of $298,975.50. Following the completion of the transaction, the senior vice president now owns 36,544 shares in the company, valued at approximately $1,589,664. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.
Hillenbrand Inc (NYSE HI) traded down $0.25 during midday trading on Wednesday, reaching $44.50. 532,900 shares of the company traded hands, compared to its average volume of 267,700. Hillenbrand Inc has a 52-week low of $34.65 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $2,800.00, a price-to-earnings ratio of 20.86 and a beta of 1.36.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.04. Hillenbrand had a net margin of 7.94% and a return on equity of 19.26%. The firm had revenue of $442.90 million for the quarter, compared to analyst estimates of $427.45 million. During the same quarter last year, the firm posted $0.58 earnings per share. Hillenbrand’s revenue for the quarter was up 3.3% compared to the same quarter last year. sell-side analysts anticipate that Hillenbrand Inc will post 2.23 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on HI shares. B. Riley set a $50.00 price objective on shares of Hillenbrand and gave the stock a “buy” rating in a report on Thursday, November 16th. Capital One Financial started coverage on shares of Hillenbrand in a report on Monday, October 23rd. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Hillenbrand currently has a consensus rating of “Hold” and an average price target of $50.00.
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Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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