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

Hillenbrand, Inc. (NYSE:HI) was the target of a significant growth in short interest in 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. Based on an average daily volume of 505,800 shares, the short-interest ratio is currently 4.6 days. Approximately 3.4% of the shares of the stock are sold short.

Hillenbrand Trading Down 1.9 %

Shares of HI stock opened at $34.12 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The business has a 50-day moving average of $29.53 and a 200 day moving average of $35.10. The stock has a market capitalization of $2.40 billion, a PE ratio of -11.41 and a beta of 1.43. Hillenbrand has a 1-year low of $25.11 and a 1-year high of $50.58.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share 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 business had revenue of $837.60 million during the quarter, compared to analysts’ expectations of $793.38 million. During the same quarter in the prior year, the company posted $1.13 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hillenbrand will post 3.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after purchasing an additional 66,741 shares in the last quarter. State Street Corp boosted its position in Hillenbrand by 0.7% during the 3rd quarter. State Street Corp now owns 2,739,689 shares of the company’s stock valued at $76,163,000 after acquiring an additional 19,546 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hillenbrand by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after acquiring an additional 253,730 shares during the period. Geode Capital Management LLC raised its position in shares of Hillenbrand by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after acquiring an additional 6,682 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hillenbrand by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock valued at $27,215,000 after purchasing an additional 48,390 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Hillenbrand Company 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.