Stevens Capital Management LP boosted its holdings in shares of Hillenbrand Inc (NYSE:HI) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,411 shares of the company’s stock after buying an additional 6,641 shares during the quarter. Stevens Capital Management LP’s holdings in Hillenbrand were worth $1,104,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HI. Strs Ohio increased its holdings in Hillenbrand by 50.0% during the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hillenbrand by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock valued at $116,000 after buying an additional 268 shares during the period. IFP Advisors Inc grew its holdings in Hillenbrand by 1.0% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after purchasing an additional 35 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in Hillenbrand by 164.2% in the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Hillenbrand by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after purchasing an additional 230 shares during the last quarter. 76.11% of the stock is currently owned by institutional investors.
Hillenbrand Inc (NYSE:HI) opened at $38.75 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.81. Hillenbrand Inc has a 1-year low of $32.25 and a 1-year high of $40.35. The stock has a market cap of $2,448.63, a price-to-earnings ratio of 18.86 and a beta of 1.36.
Several equities analysts have issued reports on HI shares. BidaskClub lowered shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Capital One Financial Corporation started coverage on shares of Hillenbrand in a report on Monday, October 23rd. They issued an “equal weight” rating on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Hillenbrand in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.00.
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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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