Atria Investments LLC acquired a new stake in Versum Materials Inc (NYSE:VSM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,880 shares of the basic materials company’s stock, valued at approximately $473,000.
A number of other large investors also recently added to or reduced their stakes in VSM. Dimensional Fund Advisors LP grew its stake in Versum Materials by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,469,824 shares of the basic materials company’s stock worth $40,742,000 after purchasing an additional 252,741 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Versum Materials by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 1,044,328 shares of the basic materials company’s stock valued at $28,948,000 after buying an additional 70,208 shares during the last quarter. World Asset Management Inc bought a new stake in shares of Versum Materials during the first quarter valued at approximately $312,000. SG Americas Securities LLC raised its holdings in shares of Versum Materials by 90.0% during the first quarter. SG Americas Securities LLC now owns 16,529 shares of the basic materials company’s stock valued at $832,000 after buying an additional 7,828 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in shares of Versum Materials during the first quarter valued at approximately $30,000. 92.92% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.50.
NYSE VSM traded down $0.05 on Friday, hitting $52.17. 43,818 shares of the stock were exchanged, compared to its average volume of 742,195. The company’s 50-day moving average price is $51.96 and its two-hundred day moving average price is $51.13. The company has a debt-to-equity ratio of 4.77, a current ratio of 4.33 and a quick ratio of 3.12. Versum Materials Inc has a 52-week low of $25.02 and a 52-week high of $52.58. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 22.20 and a beta of 1.65.
Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Versum Materials had a net margin of 5.87% and a return on equity of 99.97%. The company had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $351.13 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue was down 7.3% on a year-over-year basis. Equities analysts predict that Versum Materials Inc will post 2.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, August 12th. Versum Materials’s dividend payout ratio is 13.62%.
Versum Materials Company Profile
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).
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