Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Hillenbrand, Inc. (NYSE:HI)

Wealth Enhancement Advisory Services LLC lessened its holdings in Hillenbrand, Inc. (NYSE:HI) by 18.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,916 shares of the company’s stock after selling 1,323 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hillenbrand were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HI. GAMMA Investing LLC lifted its holdings 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 buying an additional 262 shares during the period. Transcendent Capital Group LLC bought a new stake in Hillenbrand during the fourth quarter valued at about $63,000. LRI Investments LLC bought a new position in Hillenbrand in the first quarter worth about $117,000. Greenleaf Trust purchased a new stake in shares of Hillenbrand during the first quarter valued at about $200,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Hillenbrand in the 4th quarter valued at about $203,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Trading Down 0.4 %

Shares of Hillenbrand stock opened at $33.44 on Tuesday. The firm’s 50 day simple moving average is $39.45 and its two-hundred day simple moving average is $44.04. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 27.64 and a beta of 1.44. Hillenbrand, Inc. has a 12-month low of $32.65 and a 12-month high of $50.58. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The firm had revenue of $786.60 million for the quarter, compared to the consensus estimate of $818.16 million. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Analysts predict that Hillenbrand, Inc. will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HI shares. KeyCorp began coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They set an “overweight” rating and a $50.00 price objective for the company. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $54.00 to $33.00 in a research report on Monday, August 12th. Finally, StockNews.com cut Hillenbrand from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand 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.