Jane Street Group LLC Purchases 33,117 Shares of Hillenbrand, Inc. (NYSE:HI)

Jane Street Group LLC boosted its position in Hillenbrand, Inc. (NYSE:HI) by 19.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,053 shares of the company’s stock after purchasing an additional 33,117 shares during the quarter. Jane Street Group LLC owned about 0.29% of Hillenbrand worth $5,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Hillenbrand by 0.7% in the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after buying an additional 19,546 shares in the last quarter. Petrus Trust Company LTA grew its position in Hillenbrand by 129.7% during the third quarter. Petrus Trust Company LTA now owns 31,807 shares of the company’s stock worth $884,000 after buying an additional 17,958 shares in the last quarter. Point72 DIFC Ltd bought a new position in Hillenbrand in the 3rd quarter worth about $277,000. Point72 Asset Management L.P. purchased a new stake in shares of Hillenbrand in the 3rd quarter valued at about $653,000. Finally, Holocene Advisors LP bought a new stake in shares of Hillenbrand during the 3rd quarter valued at about $1,536,000. 89.09% of the stock is owned by institutional investors.

Hillenbrand Stock Performance

NYSE:HI opened at $32.14 on Monday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -10.75 and a beta of 1.43. The business has a 50 day moving average of $30.52 and a 200 day moving average of $34.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand, Inc. has a 1-year low of $25.11 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The firm had revenue of $837.60 million during the quarter, compared to analyst estimates of $793.38 million. During the same period in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that Hillenbrand, Inc. will post 3.2 earnings per share for the current fiscal year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.80%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 16th. Hillenbrand’s dividend payout ratio is presently -29.77%.

Analysts Set New Price Targets

HI has been the topic of several research analyst reports. DA Davidson restated a “neutral” rating and issued a $33.00 price objective on shares of Hillenbrand in a research report on Friday, November 15th. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, KeyCorp dropped their price objective on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hillenbrand currently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Hillenbrand 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.