Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Hillenbrand Inc (NYSE:HI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hillenbrand Inc, purchasing 28,425 shares valued at approximately $686,000 in the first quarter.
• Hillenbrand's stock has faced recent downgrades from analysts, with KeyCorp lowering their rating from "overweight" to "sector weight" and DA Davidson reducing the price target from $33.00 to $24.00.
• Hillenbrand recently paid a quarterly dividend of $0.225 per share, representing an annualized dividend yield of 4.6%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,425 shares of the company's stock, valued at approximately $686,000.

A number of other institutional investors have also recently added to or reduced their stakes in HI. CWM LLC boosted its position in shares of Hillenbrand by 6.4% in the first quarter. CWM LLC now owns 10,063 shares of the company's stock worth $243,000 after buying an additional 608 shares during the period. Bank of Montreal Can increased its holdings in shares of Hillenbrand by 6.1% during the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock worth $401,000 after purchasing an additional 746 shares during the period. Cetera Investment Advisers grew its stake in Hillenbrand by 8.8% during the fourth quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock worth $295,000 after buying an additional 773 shares during the last quarter. GAMMA Investing LLC boosted its stake in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after acquiring an additional 781 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Hillenbrand by 6.1% in the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock valued at $334,000 after acquiring an additional 793 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HI shares. KeyCorp lowered Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson lowered their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

Hillenbrand Stock Up 2.0%

Shares of HI stock traded up $0.39 during trading on Monday, reaching $20.09. The company's stock had a trading volume of 518,900 shares, compared to its average volume of 507,857. Hillenbrand Inc has a one year low of $18.36 and a one year high of $40.01. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -5.27 and a beta of 1.46. The business has a fifty day moving average price of $20.92 and a 200-day moving average price of $24.43. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39.

Hillenbrand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. Hillenbrand's dividend payout ratio is currently -23.62%.

Hillenbrand Company 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.