Man Group plc Reduces Stock Position in Hillenbrand, Inc. (NYSE:HI)

Man Group plc reduced its position in shares of Hillenbrand, Inc. (NYSE:HI) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,167 shares of the company’s stock after selling 76,186 shares during the period. Man Group plc owned 0.55% of Hillenbrand worth $10,566,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Squarepoint Ops LLC raised its stake in Hillenbrand by 12.1% in the third quarter. Squarepoint Ops LLC now owns 27,064 shares of the company’s stock worth $836,000 after buying an additional 2,930 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Hillenbrand in the third quarter worth about $458,000. Lingohr & Partner Asset Management GmbH bought a new position in Hillenbrand in the third quarter worth about $911,000. Public Employees Retirement System of Ohio raised its stake in Hillenbrand by 431.1% in the third quarter. Public Employees Retirement System of Ohio now owns 15,390 shares of the company’s stock worth $475,000 after buying an additional 12,492 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Hillenbrand by 1,050.0% in the third quarter. Point72 Asset Management L.P. now owns 6,900 shares of the company’s stock worth $213,000 after buying an additional 6,300 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

In other Hillenbrand news, VP Christopher H. Trainor bought 3,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $31.47 per share, with a total value of $110,145.00. Following the completion of the purchase, the vice president now owns 28,690 shares of the company’s stock, valued at $902,874.30. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.41% of the stock is currently owned by company insiders.

HI has been the subject of a number of research reports. Sidoti decreased their price target on shares of Hillenbrand from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Zacks Investment Research downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. TheStreet downgraded shares of Hillenbrand from a “b-” rating to a “c+” rating in a research note on Friday, August 9th. Finally, ValuEngine raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hillenbrand currently has an average rating of “Buy” and a consensus target price of $46.00.

HI stock opened at $31.82 on Thursday. Hillenbrand, Inc. has a 1 year low of $26.01 and a 1 year high of $46.00. The company has a market cap of $2.02 billion, a P/E ratio of 12.99 and a beta of 1.27. The firm has a 50-day moving average of $31.61 and a 200 day moving average of $32.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.74 and a quick ratio of 1.44.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. Hillenbrand had a net margin of 6.72% and a return on equity of 20.10%. The company had revenue of $485.80 million during the quarter, compared to the consensus estimate of $475.88 million. During the same period in the prior year, the firm earned $0.67 earnings per share. Hillenbrand’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Hillenbrand, Inc. will post 2.63 earnings per share for the current fiscal year.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. 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, forest products, and other general industrials.

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Institutional Ownership by Quarter for Hillenbrand (NYSE:HI)

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