Kaizen Advisory LLC Acquires New Holdings in Versum Materials Inc (VSM)

Kaizen Advisory LLC acquired a new stake in shares of Versum Materials Inc (NYSE:VSM) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 27,264 shares of the basic materials company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Associated Banc Corp increased its holdings in shares of Versum Materials by 18.1% during the second quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 1,414 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Versum Materials by 2.3% during the second quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock valued at $2,469,000 after acquiring an additional 1,516 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Versum Materials by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock valued at $1,578,000 after acquiring an additional 1,692 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Versum Materials by 2.3% during the third quarter. Arizona State Retirement System now owns 77,359 shares of the basic materials company’s stock valued at $2,786,000 after acquiring an additional 1,722 shares in the last quarter. Finally, Oakbrook Investments LLC increased its holdings in shares of Versum Materials by 30.7% during the third quarter. Oakbrook Investments LLC now owns 7,450 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.

Shares of NYSE VSM opened at $32.60 on Friday. The company has a market capitalization of $3.36 billion, a P/E ratio of 17.07, a PEG ratio of 0.94 and a beta of 0.62. Versum Materials Inc has a 52 week low of $28.96 and a 52 week high of $42.74. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43.

Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $350.00 million for the quarter, compared to analyst estimates of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. Sell-side analysts predict that Versum Materials Inc will post 2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a $0.08 dividend. The ex-dividend date is Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Versum Materials’s previous quarterly dividend of $0.06. Versum Materials’s dividend payout ratio is currently 12.57%.

In other news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares in the company, valued at $632,043.91. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Friday, October 19th. ValuEngine downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. KeyCorp upped their price objective on shares of Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, September 7th. Finally, Credit Suisse Group upped their price objective on shares of Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.14.

Versum Materials 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. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.

See Also: Earnings Per Share

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

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