PNC Financial Services Group Inc. Reduces Stock Holdings in Hillenbrand Inc (NYSE:HI)

Key Points

• PNC Financial Services Group Inc. has reduced its stake in Hillenbrand Inc by 32.2%, owning approximately 0.22% of the company worth $3.7 million after selling 72,799 shares.
• Institutional investors now hold 89.09% of Hillenbrand's stock, with notable increases from JPMorgan Chase (up 128.3%) and LPL Financial (up 4.2%) reported during the fourth quarter.
• Hillenbrand's stock performance shows a current price of $19.83, with a market cap of $1.40 billion and a significant PE ratio of -5.21.

PNC Financial Services Group Inc. lessened its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 32.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 153,306 shares of the company's stock after selling 72,799 shares during the period. PNC Financial Services Group Inc. owned approximately 0.22% of Hillenbrand worth $3,701,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Hillenbrand by 4.2% during the 4th quarter. LPL Financial LLC now owns 28,997 shares of the company's stock valued at $893,000 after acquiring an additional 1,182 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hillenbrand by 128.3% in the fourth quarter. JPMorgan Chase & Co. now owns 183,109 shares of the company's stock worth $5,636,000 after purchasing an additional 102,916 shares during the last quarter. Norges Bank purchased a new position in Hillenbrand in the 4th quarter worth about $3,263,000. Alliancebernstein L.P. increased its position in shares of Hillenbrand by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 91,830 shares of the company's stock worth $2,827,000 after acquiring an additional 2,700 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Hillenbrand in the fourth quarter valued at approximately $324,000. 89.09% of the stock is currently owned by institutional investors.

Hillenbrand Stock Performance

Shares of HI stock opened at $19.83 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.40 billion, a PE ratio of -5.21 and a beta of 1.46. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $38.46. The business's fifty day simple moving average is $20.96 and its 200-day simple moving average is $24.18.

Analyst Upgrades and Downgrades

Several research firms have commented on HI. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a report on Thursday, May 8th. DA Davidson cut their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st.

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.

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