Centiva Capital LP Purchases 2,592 Shares of Hillenbrand, Inc. (NYSE:HI)

Centiva Capital LP boosted its position in shares of Hillenbrand, Inc. (NYSE:HI) by 27.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,043 shares of the company’s stock after acquiring an additional 2,592 shares during the quarter. Centiva Capital LP’s holdings in Hillenbrand were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HI. Barclays PLC raised its holdings in Hillenbrand by 17.9% during the 3rd quarter. Barclays PLC now owns 318,078 shares of the company’s stock valued at $8,841,000 after buying an additional 48,230 shares during the last quarter. GAMMA Investing LLC increased its position in Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after purchasing an additional 614 shares during the period. Matrix Trust Co increased its position in Hillenbrand by 546.7% during the 4th quarter. Matrix Trust Co now owns 5,775 shares of the company’s stock valued at $178,000 after purchasing an additional 4,882 shares during the period. Tompkins Financial Corp purchased a new position in Hillenbrand during the 4th quarter valued at $54,000. Finally, Janney Montgomery Scott LLC purchased a new position in Hillenbrand during the 4th quarter valued at $344,000. 89.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp downgraded shares of Hillenbrand from an “overweight” rating to a “sector weight” rating in a research report on Thursday. StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, DA Davidson reduced their price objective on shares of Hillenbrand from $33.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st.

Hillenbrand Price Performance

Shares of HI opened at $20.80 on Monday. Hillenbrand, Inc. has a fifty-two week low of $18.36 and a fifty-two week high of $46.92. The firm’s 50-day simple moving average is $23.05 and its two-hundred day simple moving average is $28.84. The stock has a market cap of $1.47 billion, a PE ratio of -6.62 and a beta of 1.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.34.

Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $715.90 million during the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Analysts anticipate that Hillenbrand, Inc. will post 2.53 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, June 16th. Hillenbrand’s payout ratio is -23.62%.

About Hillenbrand

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.