Mutual of America Capital Management LLC Sells 975 Shares of Hillenbrand, Inc. (NYSE:HI)

Mutual of America Capital Management LLC decreased its holdings in Hillenbrand, Inc. (NYSE:HI) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,563 shares of the company’s stock after selling 975 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hillenbrand were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Hillenbrand by 58.2% in the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Hillenbrand by 0.6% in the second quarter. GHP Investment Advisors Inc. now owns 51,414 shares of the company’s stock worth $2,058,000 after purchasing an additional 320 shares in the last quarter. LRI Investments LLC lifted its position in Hillenbrand by 15.0% during the second quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock valued at $107,000 after buying an additional 349 shares during the period. Arizona State Retirement System boosted its holdings in shares of Hillenbrand by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,639 shares of the company’s stock valued at $786,000 after buying an additional 368 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Hillenbrand by 32.2% during the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after buying an additional 551 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. KeyCorp lowered their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, DA Davidson restated a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hillenbrand currently has an average rating of “Moderate Buy” and an average target price of $44.67.

Hillenbrand Stock Performance

Shares of HI stock opened at $33.84 on Friday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -11.32 and a beta of 1.38. 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 one year low of $25.11 and a one year high of $50.58. The company’s 50-day moving average is $29.10 and its 200 day moving average is $35.45.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Hillenbrand, Inc. will post 3.45 EPS for the current fiscal year.

Hillenbrand Profile

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.