Renaissance Technologies LLC Sells 68,700 Shares of Hillenbrand Inc (HI)
Renaissance Technologies LLC decreased its position in Hillenbrand Inc (NYSE:HI) by 80.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,100 shares of the company’s stock after selling 68,700 shares during the period. Renaissance Technologies LLC’s holdings in Hillenbrand were worth $613,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares during the last quarter. Tyers Asset Management LLC boosted its position in Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after buying an additional 420 shares during the last quarter. IFP Advisors Inc boosted its position in Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock worth $128,000 after buying an additional 14 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Hillenbrand by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,074 shares of the company’s stock worth $146,000 after buying an additional 37 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.
Hillenbrand Inc (NYSE:HI) traded up 1.631% during mid-day trading on Thursday, reaching $35.825. 65,417 shares of the company traded hands. The company has a market capitalization of $2.26 billion, a P/E ratio of 18.562 and a beta of 1.24. Hillenbrand Inc has a 52-week low of $28.60 and a 52-week high of $39.00. The stock has a 50 day moving average price of $36.08 and a 200-day moving average price of $36.36.
Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Analysts expect that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, September 14th. Hillenbrand’s payout ratio is presently 42.27%.
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A number of research firms have recently commented on HI. FBR & Co reissued an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub cut shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
In other news, Director David Fennell purchased 302,000 shares of Hillenbrand stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average cost of $0.10 per share, for a total transaction of $30,200.00. Insiders have purchased a total of 807,000 shares of company stock worth $79,350 over the last three months. 1.74% of the stock is owned by insiders.
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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