Hotchkis & Wiley Capital Management LLC Lowers Holdings in Hillenbrand, Inc. (NYSE:HI)

Hotchkis & Wiley Capital Management LLC cut its position in Hillenbrand, Inc. (NYSE:HI) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,360 shares of the company’s stock after selling 5,870 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.38% of Hillenbrand worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Hillenbrand in the 3rd quarter worth approximately $627,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Hillenbrand by 284.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,995 shares of the company’s stock worth $611,000 after buying an additional 16,274 shares during the last quarter. Financial Counselors Inc. increased its holdings in shares of Hillenbrand by 30.1% in the 3rd quarter. Financial Counselors Inc. now owns 322,252 shares of the company’s stock worth $8,959,000 after buying an additional 74,527 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Hillenbrand by 4.3% in the 2nd quarter. Raymond James & Associates now owns 392,196 shares of the company’s stock worth $15,696,000 after buying an additional 16,323 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Hillenbrand by 47.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,317 shares of the company’s stock worth $1,649,000 after buying an additional 19,201 shares during the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HI. DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, KeyCorp decreased their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Price Performance

HI stock opened at $34.64 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. Hillenbrand, Inc. has a 52 week low of $25.11 and a 52 week high of $50.58. The firm’s fifty day moving average is $29.69 and its 200 day moving average is $35.09. The firm has a market cap of $2.43 billion, a P/E ratio of -11.59 and a beta of 1.43.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The company had revenue of $837.60 million for the quarter, compared to analyst estimates of $793.38 million. During the same quarter last year, the firm earned $1.13 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Hillenbrand, Inc. will post 3.2 earnings per share for the current year.

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.