Meeder Asset Management Inc. grew its stake in Hillenbrand, Inc. (NYSE:HI) by 101.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,582 shares of the company’s stock after buying an additional 12,382 shares during the period. Meeder Asset Management Inc.’s holdings in Hillenbrand were worth $1,285,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Fort L.P. acquired a new stake in shares of Hillenbrand in the second quarter worth about $119,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Hillenbrand in the second quarter worth about $134,000. Harvest Fund Management Co. Ltd lifted its position in shares of Hillenbrand by 44.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,552 shares of the company’s stock worth $186,000 after buying an additional 1,089 shares during the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Hillenbrand in the second quarter worth about $231,000. Finally, We Are One Seven LLC acquired a new stake in shares of Hillenbrand in the third quarter worth about $244,000. 75.27% of the stock is owned by institutional investors.
NYSE HI opened at $50.33 on Thursday. Hillenbrand, Inc. has a twelve month low of $38.15 and a twelve month high of $53.41. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.07 billion, a P/E ratio of 23.85 and a beta of 1.26.
Hillenbrand, Inc operates as a diversified industrial company worldwide. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, and forest products.
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