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

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 Thursday.

HI has been the topic of several other reports. DA Davidson downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and cut their price objective for the company from $54.00 to $33.00 in a research report on Monday, August 12th. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Stock Down 2.8 %

Shares of Hillenbrand stock opened at $32.75 on Thursday. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. 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 50-day moving average of $27.94 and a 200 day moving average of $36.24. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -10.96 and a beta of 1.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HI. Matrix Trust Co bought a new stake in shares of Hillenbrand in the 3rd quarter worth about $25,000. GAMMA Investing LLC increased its stake in Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Hillenbrand in the 3rd quarter valued at approximately $48,000. KBC Group NV boosted its holdings in shares of Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Hillenbrand during the 3rd quarter valued at approximately $75,000. 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.