Arizona State Retirement System Sells 300 Shares of Hillenbrand Inc (HI)
Arizona State Retirement System reduced its stake in shares of Hillenbrand Inc (NYSE:HI) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,880 shares of the company’s stock after selling 300 shares during the period. Arizona State Retirement System owned 0.05% of Hillenbrand worth $1,187,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock worth $106,000 after buying an additional 1,268 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock worth $107,000 after buying an additional 255 shares during the last quarter. Strs Ohio raised its stake in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock worth $121,000 after buying an additional 420 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Hillenbrand by 0.4% in the first quarter. IFP Advisors Inc now owns 3,573 shares of the company’s stock worth $128,000 after buying an additional 14 shares during the last quarter. 76.00% of the stock is owned by institutional investors.
Shares of Hillenbrand Inc (NYSE:HI) opened at 35.15 on Tuesday. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.21 and a beta of 1.24. The company’s 50-day moving average is $36.08 and its 200 day moving average is $36.36.
Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The firm had revenue of $395.90 million for the quarter, compared to the consensus estimate of $388.57 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts anticipate that Hillenbrand Inc will post $2.07 EPS for the current fiscal year.
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HI has been the topic of a number of analyst reports. FBR & Co restated an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, May 16th. Finally, BidaskClub lowered shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
In other Hillenbrand news, Director David Fennell purchased 302,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of $0.10 per share, for a total transaction of $30,200.00. Insiders have acquired 807,000 shares of company stock worth $79,350 in the last quarter. Corporate insiders own 1.74% of the company’s stock.
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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