Hillenbrand (NYSE:HI) Downgraded by StockNews.com to Sell

Hillenbrand (NYSE:HI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Separately, KeyCorp assumed coverage on shares of Hillenbrand in a research report on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price target on the stock.

Hillenbrand Price Performance

Shares of HI traded down $0.44 during trading hours on Friday, reaching $35.99. 566,840 shares of the company’s stock traded hands, compared to its average volume of 349,858. Hillenbrand has a 12 month low of $35.44 and a 12 month high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24. The stock has a market cap of $2.53 billion, a PE ratio of 29.74 and a beta of 1.44. The firm’s 50 day simple moving average is $41.82 and its 200-day simple moving average is $45.10.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The business had revenue of $786.60 million for the quarter, compared to the consensus estimate of $818.16 million. During the same period last year, the firm posted $0.95 earnings per share. Hillenbrand’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Hillenbrand will post 3.36 EPS for the current year.

Institutional Investors Weigh In On Hillenbrand

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Hillenbrand during the fourth quarter worth about $63,000. Summit Securities Group LLC bought a new stake in shares of Hillenbrand in the second quarter worth about $90,000. Innealta Capital LLC purchased a new position in Hillenbrand during the 2nd quarter valued at about $93,000. Finally, LRI Investments LLC bought a new position in Hillenbrand during the 1st quarter valued at approximately $117,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

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.