Versum Materials Inc. (VSM) Stake Lowered by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in Versum Materials Inc. (NYSE:VSM) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 382,085 shares of the basic materials company’s stock after selling 36,889 shares during the period. Schroder Investment Management Group owned 0.35% of Versum Materials worth $12,406,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of VSM. Pinnacle Financial Partners Inc. bought a new position in shares of Versum Materials in the second quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Versum Materials by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 428 shares during the period. Glen Harbor Capital Management LLC grew its position in Versum Materials by 18.9% during the first quarter. Glen Harbor Capital Management LLC now owns 4,290 shares of the basic materials company’s stock worth $131,000 after buying an additional 682 shares in the last quarter. MV Capital Management Inc. grew its position in Versum Materials by 20.5% during the second quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock worth $142,000 after buying an additional 746 shares in the last quarter. Finally, Creative Planning grew its position in Versum Materials by 17.0% during the second quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock worth $149,000 after buying an additional 666 shares in the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

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In related news, Director Jacques M. Croisetiere purchased 2,750 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $36.00 per share, with a total value of $99,000.00. Following the acquisition, the director now directly owns 8,376 shares in the company, valued at $301,536. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on VSM shares. Aegis raised Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, June 23rd. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Needham & Company LLC started coverage on Versum Materials in a research report on Monday, July 10th. They set a “buy” rating and a $38.00 target price on the stock. Credit Suisse Group set a $35.00 target price on Versum Materials and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.60.

Shares of Versum Materials Inc. (NYSE:VSM) opened at 37.98 on Friday. The company’s 50-day moving average price is $37.76 and its 200-day moving average price is $34.64. Versum Materials Inc. has a 52-week low of $21.86 and a 52-week high of $38.24. The firm has a market capitalization of $4.13 billion and a P/E ratio of 21.46.

Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities research analysts expect that Versum Materials Inc. will post $1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a $0.05 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.20 annualized dividend and a yield of 0.53%.

Versum Materials Company Profile

Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.

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

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