Loomis Sayles & Co. L P grew its stake in Versum Materials Inc (NYSE:VSM) by 74.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 397,301 shares of the basic materials company’s stock after buying an additional 169,434 shares during the quarter. Loomis Sayles & Co. L P owned 0.36% of Versum Materials worth $14,307,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC raised its position in shares of Versum Materials by 615.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 4,471 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 3,846 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of Versum Materials by 30.7% during the 3rd quarter. Oakbrook Investments LLC now owns 7,450 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 1,750 shares in the last quarter. Piedmont Investment Advisors Inc. acquired a new stake in shares of Versum Materials during the 3rd quarter worth about $283,000. Tower Research Capital LLC TRC raised its position in shares of Versum Materials by 66.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,491 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 3,774 shares in the last quarter. Finally, Associated Banc Corp raised its position in shares of Versum Materials by 18.1% during the 2nd quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock worth $343,000 after acquiring an additional 1,414 shares in the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.
Several equities research analysts have recently weighed in on VSM shares. ValuEngine lowered Versum Materials from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Loop Capital set a $42.00 target price on Versum Materials and gave the stock a “hold” rating in a research report on Friday, November 23rd. Finally, KeyCorp raised their target price on Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.33.
In other news, Director Seifi Ghasemi purchased 20,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $33.41 per share, with a total value of $668,200.00. Following the completion of the transaction, the director now directly owns 204,280 shares in the company, valued at approximately $6,824,994.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction on Friday, November 9th. The shares were purchased at an average cost of $33.85 per share, for a total transaction of $84,625.00. Following the transaction, the director now owns 18,870 shares of the company’s stock, valued at $638,749.50. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.
Shares of NYSE VSM opened at $31.60 on Friday. The company has a current ratio of 4.33, a quick ratio of 3.39 and a debt-to-equity ratio of 4.59. Versum Materials Inc has a fifty-two week low of $28.96 and a fifty-two week high of $41.35. The stock has a market cap of $3.70 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.10.
Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, November 6th. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Versum Materials had a return on equity of 185.48% and a net margin of 14.39%. The business had revenue of $350.80 million for the quarter, compared to analyst estimates of $329.43 million. During the same quarter last year, the company earned $0.47 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Equities analysts forecast that Versum Materials Inc will post 2.48 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were given a dividend of $0.08 per share. This is a positive change from Versum Materials’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, November 9th. This represents a $0.32 annualized dividend and a yield of 1.01%. Versum Materials’s payout ratio is 13.62%.
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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