Grandview Asset Management LLC purchased a new position in Versum Materials Inc (NYSE:VSM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,356 shares of the basic materials company’s stock, valued at approximately $204,000.
A number of other hedge funds have also recently modified their holdings of VSM. Franklin Resources Inc. grew its stake in Versum Materials by 20.4% in the third quarter. Franklin Resources Inc. now owns 5,716,804 shares of the basic materials company’s stock worth $205,862,000 after purchasing an additional 966,999 shares during the period. Victory Capital Management Inc. grew its stake in Versum Materials by 53.1% in the third quarter. Victory Capital Management Inc. now owns 1,310,884 shares of the basic materials company’s stock worth $47,206,000 after purchasing an additional 454,870 shares during the period. Vanguard Group Inc grew its stake in Versum Materials by 3.9% in the third quarter. Vanguard Group Inc now owns 10,282,274 shares of the basic materials company’s stock worth $370,264,000 after purchasing an additional 385,271 shares during the period. Vanguard Group Inc. grew its stake in Versum Materials by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,282,274 shares of the basic materials company’s stock worth $370,264,000 after purchasing an additional 385,271 shares during the period. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in Versum Materials in the third quarter worth $12,473,000. 92.74% of the stock is currently owned by institutional investors.
VSM has been the topic of several analyst reports. Loop Capital raised Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 29th. Zacks Investment Research raised Versum Materials from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Finally, Goldman Sachs Group raised Versum Materials from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $31.00 in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $46.33.
Versum Materials stock opened at $36.92 on Monday. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.71 and a beta of 1.94. The company has a debt-to-equity ratio of 3.65, a quick ratio of 3.74 and a current ratio of 4.82. Versum Materials Inc has a 12 month low of $25.02 and a 12 month high of $41.35.
Versum Materials (NYSE:VSM) last announced its quarterly earnings results on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $339.50 million for the quarter, compared to the consensus estimate of $339.69 million. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. On average, research analysts predict that Versum Materials Inc will post 2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, February 11th. Versum Materials’s payout ratio is currently 13.62%.
In other Versum Materials news, Director Susan C. Schnabel purchased 1,000 shares of the stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $31.91 per share, with a total value of $31,910.00. Following the completion of the acquisition, the director now directly owns 22,877 shares in the company, valued at approximately $730,005.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Riordan purchased 6,000 shares of the stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average cost of $29.03 per share, for a total transaction of $174,180.00. Following the completion of the acquisition, the director now owns 20,005 shares of the company’s stock, valued at $580,745.15. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 8,000 shares of company stock worth $236,940. Corporate insiders own 0.61% of the company’s stock.
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About Versum Materials
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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