Hillenbrand, Inc. (NYSE:HI) Sees Large Increase in Short Interest

Hillenbrand, Inc. (NYSE:HIGet Rating) was the recipient of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 903,500 shares, an increase of 8.7% from the December 15th total of 830,900 shares. Based on an average daily volume of 348,200 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hillenbrand from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Hillenbrand Trading Up 0.5 %

Shares of NYSE HI traded up $0.21 during midday trading on Tuesday, hitting $44.83. The stock had a trading volume of 86,082 shares, compared to its average volume of 275,019. The company has a fifty day moving average price of $46.13 and a 200 day moving average price of $43.39. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 15.39 and a beta of 1.43. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 1.10. Hillenbrand has a 1-year low of $36.16 and a 1-year high of $53.54.

Hillenbrand (NYSE:HIGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Hillenbrand had a return on equity of 23.68% and a net margin of 7.10%. The business had revenue of $749.90 million during the quarter. On average, analysts predict that Hillenbrand will post 4.25 earnings per share for the current year.

Hillenbrand Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, December 15th. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.22. Hillenbrand’s payout ratio is 30.34%.

Institutional Trading of Hillenbrand

Several institutional investors have recently modified their holdings of HI. Cetera Advisor Networks LLC increased its holdings in shares of Hillenbrand by 96.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 8,679 shares of the company’s stock valued at $383,000 after purchasing an additional 4,272 shares during the period. Citigroup Inc. boosted its position in shares of Hillenbrand by 4.7% in the first quarter. Citigroup Inc. now owns 70,026 shares of the company’s stock valued at $3,093,000 after acquiring an additional 3,131 shares during the period. Natixis Advisors L.P. boosted its position in shares of Hillenbrand by 3.1% in the first quarter. Natixis Advisors L.P. now owns 11,557 shares of the company’s stock valued at $510,000 after acquiring an additional 346 shares during the period. MetLife Investment Management LLC boosted its position in shares of Hillenbrand by 54.0% in the first quarter. MetLife Investment Management LLC now owns 38,584 shares of the company’s stock valued at $1,704,000 after acquiring an additional 13,527 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Hillenbrand by 3.7% in the first quarter. Rhumbline Advisers now owns 193,580 shares of the company’s stock valued at $8,550,000 after acquiring an additional 6,834 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.

Hillenbrand Company Profile

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Hillenbrand, Inc engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes.

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