Russell Investments Group Ltd. lessened its holdings in Versum Materials Inc (NYSE:VSM) by 72.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,848 shares of the basic materials company’s stock after selling 173,173 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Versum Materials worth $3,396,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in VSM. Machina Capital S.A.S. increased its holdings in Versum Materials by 97.7% in the 2nd quarter. Machina Capital S.A.S. now owns 593 shares of the basic materials company’s stock valued at $31,000 after buying an additional 293 shares during the period. SRS Capital Advisors Inc. bought a new stake in Versum Materials in the 2nd quarter valued at $48,000. Twin Tree Management LP bought a new stake in Versum Materials in the 1st quarter valued at $122,000. CIBC Asset Management Inc bought a new stake in Versum Materials in the 1st quarter valued at $201,000. Finally, Stephens Inc. AR bought a new stake in Versum Materials in the 1st quarter valued at $214,000. 92.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VSM traded down $0.03 during trading hours on Monday, hitting $52.17. The stock had a trading volume of 12,151 shares, compared to its average volume of 718,073. The company’s fifty day moving average is $51.97 and its two-hundred day moving average is $51.19. 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 stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 22.19 and a beta of 1.65.
Versum Materials (NYSE:VSM) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Versum Materials had a return on equity of 99.97% and a net margin of 5.87%. The firm had revenue of $324.30 million during the quarter, compared to the consensus estimate of $351.13 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities analysts predict that Versum Materials Inc will post 2.3 EPS for the current fiscal year.
The firm 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. The ex-dividend date was Monday, August 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. Versum Materials’s payout ratio is presently 13.62%.
Separately, Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Versum Materials has a consensus rating of “Hold” and a consensus target price of $46.50.
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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).
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