Universal Beteiligungs und Servicegesellschaft mbH Invests $686,000 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 Hillenbrand Inc (NYSE:HI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,425 shares of the company's stock, valued at approximately $686,000.

Other large investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its position in Hillenbrand by 10.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,116,444 shares of the company's stock valued at $126,704,000 after purchasing an additional 387,048 shares during the last quarter. New York State Common Retirement Fund raised its position in Hillenbrand by 130.6% during the 1st quarter. New York State Common Retirement Fund now owns 643,506 shares of the company's stock worth $15,534,000 after buying an additional 364,461 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Hillenbrand during the 4th quarter worth $7,782,000. Northern Trust Corp raised its position in Hillenbrand by 24.4% during the 4th quarter. Northern Trust Corp now owns 900,666 shares of the company's stock worth $27,722,000 after buying an additional 176,482 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in Hillenbrand during the 4th quarter worth $4,075,000. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Stock Down 3.9%

Shares of NYSE HI traded down $0.80 on Wednesday, hitting $19.62. The company had a trading volume of 147,759 shares, compared to its average volume of 505,066. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $40.01. The business has a 50 day moving average of $20.96 and a two-hundred day moving average of $24.31. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.38 billion, a P/E ratio of -5.15 and a beta of 1.46.

Wall Street Analysts Forecast Growth

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

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.