Iridian Asset Management LLC CT lessened its stake in shares of Versum Materials Inc (NYSE:VSM) by 99.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,610 shares of the basic materials company’s stock after selling 6,004,428 shares during the quarter. Iridian Asset Management LLC CT’s holdings in Versum Materials were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. IndexIQ Advisors LLC bought a new position in Versum Materials during the 1st quarter worth $31,093,000. Perella Weinberg Partners Capital Management LP acquired a new position in Versum Materials in the 1st quarter worth about $5,692,000. Stephens Inc. AR acquired a new position in Versum Materials in the 1st quarter worth about $214,000. Gamco Investors INC. ET AL acquired a new position in shares of Versum Materials during the 1st quarter valued at about $611,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Versum Materials during the 1st quarter valued at about $6,812,000. Hedge funds and other institutional investors own 83.31% of the company’s stock.

Shares of VSM stock opened at $51.82 on Wednesday. The company has a quick ratio of 4.03, a current ratio of 5.27 and a debt-to-equity ratio of 3.18. Versum Materials Inc has a 12 month low of $25.02 and a 12 month high of $52.58. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 22.05 and a beta of 2.06.

Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. Versum Materials had a return on equity of 109.04% and a net margin of 16.74%. The company had revenue of $326.20 million during the quarter, compared to the consensus estimate of $340.56 million. During the same quarter last year, the company earned $0.59 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that Versum Materials Inc will post 2.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. Versum Materials’s dividend payout ratio is currently 13.62%.

A number of research firms have issued reports on VSM. Loop Capital lowered Versum Materials from a “buy” rating to a “hold” rating and lowered their target price for the company from $56.00 to $53.00 in a report on Tuesday, April 16th. Zacks Investment Research raised Versum Materials from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Stifel Nicolaus lowered Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Argus lowered Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Finally, Jefferies Financial Group lowered Versum Materials from a “buy” rating to a “hold” rating and raised their target price for the company from $44.00 to $47.00 in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.60.

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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).

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

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