Boston Partners Has $16.34 Million Position in Hillenbrand, Inc. (HI)
Boston Partners reduced its stake in shares of Hillenbrand, Inc. (NYSE:HI) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 365,482 shares of the company’s stock after selling 90,480 shares during the quarter. Boston Partners’ holdings in Hillenbrand were worth $16,337,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Hillenbrand in the 4th quarter worth about $110,000. Public Employees Retirement System of Ohio raised its position in shares of Hillenbrand by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Hillenbrand in the 4th quarter worth about $183,000. Everence Capital Management Inc. bought a new position in shares of Hillenbrand in the 3rd quarter worth about $200,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Hillenbrand by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,560 shares of the company’s stock worth $201,000 after acquiring an additional 460 shares in the last quarter. 74.27% of the stock is owned by institutional investors and hedge funds.
Shares of Hillenbrand, Inc. (HI) opened at $43.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market capitalization of $2,763.91, a PE ratio of 22.68 and a beta of 1.31. Hillenbrand, Inc. has a 12 month low of $34.65 and a 12 month high of $46.50.
HI has been the subject of several research analyst reports. B. Riley set a $50.00 price objective on Hillenbrand and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Hillenbrand from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, December 12th. Capital One Financial started coverage on Hillenbrand in a research report on Monday, October 23rd. They issued an “equal weight” rating for the company. Finally, ValuEngine upgraded Hillenbrand from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Hillenbrand currently has a consensus rating of “Hold” and an average target price of $52.00.
In other news, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the sale, the senior vice president now owns 36,544 shares of the company’s stock, valued at $1,589,664. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,615 shares of company stock valued at $2,024,236. 1.81% of the stock is currently owned by company insiders.
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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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