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

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Hillenbrand from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. DA Davidson reiterated a “neutral” rating and set a $33.00 price objective on shares of Hillenbrand in a research note on Friday, November 15th. Finally, KeyCorp cut their price target on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hedge Funds Weigh In On Hillenbrand

A number of large investors have recently added to or reduced their stakes in HI. Victory Capital Management Inc. raised its position in shares of Hillenbrand by 2.4% in the third quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock valued at $79,877,000 after buying an additional 66,741 shares during the last quarter. State Street Corp increased its position in Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after purchasing an additional 19,546 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hillenbrand by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock worth $87,408,000 after purchasing an additional 253,730 shares during the last quarter. Geode Capital Management LLC increased its position in Hillenbrand by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock worth $44,565,000 after purchasing an additional 6,682 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Hillenbrand by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after purchasing an additional 48,390 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

Hillenbrand Stock Up 1.6 %

HI stock opened at $34.64 on Thursday. The firm’s fifty day simple moving average is $29.69 and its 200-day simple moving average is $35.09. The company has a market capitalization of $2.43 billion, a P/E ratio of -11.59 and a beta of 1.43. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. Hillenbrand has a 12 month low of $25.11 and a 12 month 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $837.60 million for the quarter, compared to the consensus estimate of $793.38 million. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts forecast that Hillenbrand will post 3.2 earnings per share for the current year.

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.