Fort L.P. purchased a new position in Versum Materials Inc (NYSE:VSM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,721 shares of the basic materials company’s stock, valued at approximately $48,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in shares of Versum Materials by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 171,167 shares of the basic materials company’s stock worth $4,745,000 after purchasing an additional 3,860 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Versum Materials by 24.9% during the 4th quarter. Natixis Advisors L.P. now owns 78,561 shares of the basic materials company’s stock worth $2,176,000 after purchasing an additional 15,644 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Versum Materials by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,469,824 shares of the basic materials company’s stock worth $40,742,000 after purchasing an additional 252,741 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Versum Materials during the 4th quarter worth $735,000. Finally, Haverford Trust Co. purchased a new position in shares of Versum Materials during the 4th quarter worth $325,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
Shares of Versum Materials stock opened at $49.76 on Friday. Versum Materials Inc has a fifty-two week low of $25.02 and a fifty-two week 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. The company has a debt-to-equity ratio of 3.65, a quick ratio of 3.74 and a current ratio of 4.82.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Tuesday, February 12th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, February 11th. Versum Materials’s dividend payout ratio (DPR) is currently 13.62%.
A number of research analysts have weighed in on VSM shares. Loop Capital set a $42.00 price target on Versum Materials and gave the stock a “hold” rating in a research note on Friday, November 23rd. Goldman Sachs Group lowered Versum Materials from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $31.00 to $26.00 in a research note on Tuesday, December 11th. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. KeyCorp increased their price target on Versum Materials from $44.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Credit Suisse Group lowered Versum Materials from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Versum Materials presently has a consensus rating of “Hold” and a consensus price target of $46.67.
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).
Featured Story: What is the Federal Reserve?
Want to see what other hedge funds are holding VSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Versum Materials Inc (NYSE:VSM).
Receive News & Ratings for Versum Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials and related companies with MarketBeat.com's FREE daily email newsletter.