Hillenbrand (NYSE:HI) Stock Rating Lowered by StockNews.com

Hillenbrand (NYSE:HI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other analysts have also recently commented on the stock. DA Davidson cut shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $33.00 in a report on Monday, August 12th. KeyCorp dropped their price objective on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Hillenbrand Stock Performance

NYSE HI traded up $3.53 on Thursday, hitting $33.70. 1,179,116 shares of the stock were exchanged, compared to its average volume of 390,508. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.35 and a quick ratio of 0.88. The company has a market capitalization of $2.37 billion, a PE ratio of -11.46 and a beta of 1.38. The business’s fifty day moving average is $27.87 and its 200 day moving average is $36.26. Hillenbrand has a 52 week low of $25.11 and a 52 week high of $50.58.

Hedge Funds Weigh In On Hillenbrand

A number of hedge funds have recently modified their holdings of HI. Janney Montgomery Scott LLC increased its holdings in shares of Hillenbrand by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after purchasing an additional 535 shares during the period. Swiss National Bank raised its position in Hillenbrand by 0.4% in the 1st quarter. Swiss National Bank now owns 138,359 shares of the company’s stock worth $6,958,000 after purchasing an additional 600 shares during the period. QRG Capital Management Inc. increased its holdings in Hillenbrand by 9.4% during the first quarter. QRG Capital Management Inc. now owns 8,281 shares of the company’s stock valued at $416,000 after buying an additional 712 shares during the period. State Board of Administration of Florida Retirement System grew its position in Hillenbrand by 30.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,670 shares of the company’s stock worth $1,220,000 after purchasing an additional 5,940 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Hillenbrand during the 1st quarter worth approximately $566,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

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.