First Manhattan Co. Has $1.17 Million Holdings in Versum Materials Inc (VSM)

First Manhattan Co. decreased its position in shares of Versum Materials Inc (NYSE:VSM) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,225 shares of the basic materials company’s stock after selling 3,550 shares during the quarter. First Manhattan Co.’s holdings in Versum Materials were worth $1,168,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VSM. Oregon Public Employees Retirement Fund boosted its stake in shares of Versum Materials by 2,706.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,206,818 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,163,813 shares in the last quarter. Norges Bank purchased a new stake in shares of Versum Materials during the 4th quarter worth approximately $29,949,000. Millennium Management LLC boosted its stake in shares of Versum Materials by 858.5% during the 4th quarter. Millennium Management LLC now owns 1,173,995 shares of the basic materials company’s stock worth $32,543,000 after acquiring an additional 1,051,511 shares in the last quarter. Boston Partners boosted its stake in shares of Versum Materials by 14.1% during the 4th quarter. Boston Partners now owns 5,764,801 shares of the basic materials company’s stock worth $159,800,000 after acquiring an additional 710,352 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Versum Materials by 52.1% during the 4th quarter. Prudential Financial Inc. now owns 1,346,843 shares of the basic materials company’s stock worth $37,335,000 after acquiring an additional 461,489 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

VSM stock opened at $51.90 on Wednesday. Versum Materials Inc has a 1 year low of $25.02 and a 1 year high of $52.10. 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 has a market capitalization of $5.68 billion, a P/E ratio of 22.09 and a beta of 2.12.

Versum Materials (NYSE:VSM) last posted its earnings results on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The firm had revenue of $339.50 million for the quarter, compared to analyst estimates of $339.69 million. During the same quarter in the prior year, the company earned $0.54 EPS. Versum Materials’s revenue was up 2.6% on a year-over-year basis. Analysts expect that Versum Materials Inc will post 2.37 earnings per share for the current year.

VSM has been the topic of several research analyst reports. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Loop Capital raised Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Tuesday, January 29th. Goldman Sachs Group raised Versum Materials from a “sell” rating to a “neutral” rating and upped their target price for the company from $26.00 to $31.00 in a research note on Thursday, January 31st. KeyCorp upped their target price on Versum Materials from $44.00 to $55.00 and gave the company 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Versum Materials presently has an average rating of “Hold” and a consensus price target of $46.00.

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About Versum Materials

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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