American International Group Inc. Trims Holdings in Hillenbrand, Inc. (NYSE:HI)

American International Group Inc. cut its holdings in shares of Hillenbrand, Inc. (NYSE:HI) by 19.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,494 shares of the company’s stock after selling 9,830 shares during the period. American International Group Inc. owned approximately 0.06% of Hillenbrand worth $1,859,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of Hillenbrand by 2.4% in the 1st quarter. Comerica Bank now owns 67,381 shares of the company’s stock valued at $3,281,000 after acquiring an additional 1,611 shares in the last quarter. Victory Capital Management Inc. increased its stake in Hillenbrand by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 29,184 shares of the company’s stock valued at $1,305,000 after buying an additional 1,770 shares during the period. Flinton Capital Management LLC increased its stake in Hillenbrand by 27.6% in the 4th quarter. Flinton Capital Management LLC now owns 9,758 shares of the company’s stock valued at $436,000 after buying an additional 2,108 shares during the period. Meeder Asset Management Inc. increased its stake in Hillenbrand by 33.2% in the 4th quarter. Meeder Asset Management Inc. now owns 10,991 shares of the company’s stock valued at $490,000 after buying an additional 2,738 shares during the period. Finally, Teachers Advisors LLC increased its stake in Hillenbrand by 0.6% in the 4th quarter. Teachers Advisors LLC now owns 535,557 shares of the company’s stock valued at $23,939,000 after buying an additional 3,041 shares during the period. 77.18% of the stock is owned by institutional investors and hedge funds.

Hillenbrand traded down $0.15, reaching $46.50, during midday trading on Thursday, Marketbeat reports. The stock had a trading volume of 233,400 shares, compared to its average volume of 267,780. Hillenbrand, Inc. has a 1-year low of $34.65 and a 1-year high of $49.35. The company has a current ratio of 1.28, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.98 billion, a PE ratio of 22.01 and a beta of 1.23.

Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, May 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Hillenbrand had a net margin of 3.99% and a return on equity of 20.08%. The business had revenue of $452.20 million for the quarter, compared to analyst estimates of $434.70 million. During the same period last year, the business posted $0.53 EPS. Hillenbrand’s revenue was up 14.4% compared to the same quarter last year. analysts anticipate that Hillenbrand, Inc. will post 2.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.207 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, June 14th. Hillenbrand’s dividend payout ratio (DPR) is presently 39.34%.

Several brokerages have recently commented on HI. TheStreet lowered shares of Hillenbrand from an “a-” rating to a “c+” rating in a research note on Monday, May 7th. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, May 8th. Finally, ValuEngine lowered shares of Hillenbrand from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $52.00.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.

Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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