Hillenbrand, Inc. (NYSE:HI) Short Interest Update

Hillenbrand, Inc. (NYSE:HI) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,340,000 shares, a growth of 6.8% from the October 31st total of 2,190,000 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily volume of 505,800 shares, the short-interest ratio is presently 4.6 days.

Analyst Ratings Changes

HI has been the subject of a number of analyst reports. KeyCorp reduced their price objective 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. 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. Finally, StockNews.com raised shares of Hillenbrand from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hillenbrand presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Stock Up 2.2 %

Shares of HI stock opened at $34.77 on Tuesday. Hillenbrand has a twelve month low of $25.11 and a twelve month high of $50.58. The stock has a fifty day simple moving average of $29.40 and a two-hundred day simple moving average of $35.17. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same period in the prior year, the business posted $1.13 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that Hillenbrand will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

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

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.