Hillenbrand Inc (HI) Rating Increased to Hold at Zacks Investment Research
Hillenbrand Inc (NYSE:HI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. “
HI has been the subject of several other reports. BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. FBR & Co reiterated an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th.
Hillenbrand (NYSE HI) traded up 1.11% during mid-day trading on Tuesday, hitting $36.30. The company had a trading volume of 110,970 shares. The firm has a market capitalization of $2.29 billion, a P/E ratio of 18.81 and a beta of 1.24. Hillenbrand has a 12 month low of $28.60 and a 12 month high of $39.00. The company has a 50-day moving average price of $35.91 and a 200 day moving average price of $36.26.
Hillenbrand (NYSE:HI) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The company had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. During the same period in the previous year, the business earned $0.53 EPS. Hillenbrand’s quarterly revenue was up 6.7% on a year-over-year basis. Equities analysts forecast that Hillenbrand will post $2.07 EPS for the current fiscal year.
In related news, Director David Fennell purchased 302,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $0.10 per share, for a total transaction of $30,200.00. Insiders bought 807,000 shares of company stock valued at $79,350 over the last 90 days. Company insiders own 1.74% of the company’s stock.
Several hedge funds have recently bought and sold shares of HI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hillenbrand by 75.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,958 shares of the company’s stock valued at $106,000 after purchasing an additional 1,268 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Hillenbrand by 9.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $107,000 after purchasing an additional 255 shares in the last quarter. Strs Ohio grew its position in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $108,000 after purchasing an additional 1,000 shares in the last quarter. Tyers Asset Management LLC grew its position in shares of Hillenbrand by 14.2% in the first quarter. Tyers Asset Management LLC now owns 3,388 shares of the company’s stock valued at $121,000 after purchasing an additional 420 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Hillenbrand by 1.0% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $130,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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