Capstone Asset Management Co. Has $395,000 Position in Hillenbrand Inc (HI)
Capstone Asset Management Co. lowered its stake in shares of Hillenbrand Inc (NYSE:HI) by 10.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,949 shares of the company’s stock after selling 1,290 shares during the period. Capstone Asset Management Co.’s holdings in Hillenbrand were worth $395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock valued at $278,631,000 after buying an additional 7,767,237 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hillenbrand by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock valued at $197,221,000 after buying an additional 344,593 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after buying an additional 1,244,197 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hillenbrand by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,565,560 shares of the company’s stock valued at $56,125,000 after buying an additional 54,442 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after buying an additional 80,769 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.
Hillenbrand Inc (HI) traded down 0.54% on Monday, reaching $36.60. The company’s stock had a trading volume of 27,207 shares. The company’s 50 day moving average price is $36.18 and its 200-day moving average price is $36.46. Hillenbrand Inc has a 12-month low of $28.60 and a 12-month high of $39.00. The stock has a market cap of $2.31 billion, a PE ratio of 18.96 and a beta of 1.24.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $395.90 million for the quarter, compared to the consensus estimate of $388.57 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. On average, equities analysts expect that Hillenbrand Inc will post $2.06 EPS for the current year.
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HI has been the topic of several analyst reports. Zacks Investment Research cut Hillenbrand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Finally, BidaskClub cut Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
In other news, Director David Fennell bought 302,000 shares of Hillenbrand stock in a transaction dated Monday, June 26th. The shares were purchased at an average cost of $0.10 per share, with a total value of $30,200.00. Over the last three months, insiders have acquired 807,000 shares of company stock worth $79,350. Insiders own 1.74% of the company’s stock.
Hillenbrand Company Profile
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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