California Public Employees Retirement System Has $4.34 Million Position in Versum Materials Inc (VSM)

California Public Employees Retirement System cut its position in Versum Materials Inc (NYSE:VSM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,592 shares of the basic materials company’s stock after selling 13,700 shares during the quarter. California Public Employees Retirement System owned about 0.14% of Versum Materials worth $4,341,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of 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 valued at $370,264,000 after buying an additional 385,271 shares in the last quarter. Vanguard Group Inc grew its stake in shares of 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 valued at $370,264,000 after buying an additional 385,271 shares in the last quarter. Boston Partners grew its stake in shares of Versum Materials by 14.1% in the fourth quarter. Boston Partners now owns 5,764,801 shares of the basic materials company’s stock valued at $159,800,000 after buying an additional 710,352 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of 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 valued at $205,862,000 after buying an additional 966,999 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Versum Materials by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,474,974 shares of the basic materials company’s stock valued at $40,886,000 after buying an additional 164,090 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

VSM stock opened at $49.76 on Friday. The company has a debt-to-equity ratio of 3.65, a current ratio of 4.82 and a quick ratio of 3.74. Versum Materials Inc has a one year low of $25.02 and a one year high of $50.24. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 21.17 and a beta of 2.12.

Versum Materials (NYSE:VSM) last released its quarterly earnings data on Monday, February 4th. The basic materials company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The firm had revenue of $339.50 million during the quarter, compared to analysts’ expectations of $339.69 million. During the same period in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Versum Materials Inc will post 2.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Versum Materials’s dividend payout ratio (DPR) is 13.62%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Financial Group cut shares of Versum Materials from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $44.00 to $47.00 in a research report on Monday, March 4th. Seaport Global Securities cut shares of Versum Materials from a “buy” rating to a “neutral” rating in a research report on Thursday, February 28th. Credit Suisse Group cut shares of Versum Materials from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 28th. Finally, Loop Capital cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.67.

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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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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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