Janus Henderson Group PLC reduced its stake in shares of Versum Materials Inc (NYSE:VSM) by 60.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,461 shares of the basic materials company’s stock after selling 12,857 shares during the period. Janus Henderson Group PLC’s holdings in Versum Materials were worth $314,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in Versum Materials by 13.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 510,387 shares of the basic materials company’s stock valued at $19,206,000 after purchasing an additional 59,617 shares during the period. US Bancorp DE raised its stake in Versum Materials by 8.4% during the 1st quarter. US Bancorp DE now owns 20,723 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 1,607 shares during the period. Envestnet Asset Management Inc. raised its stake in Versum Materials by 72.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 1,925 shares during the period. BlackRock Inc. raised its stake in Versum Materials by 3.0% during the 1st quarter. BlackRock Inc. now owns 9,889,147 shares of the basic materials company’s stock valued at $372,128,000 after purchasing an additional 290,001 shares during the period. Finally, Natixis Advisors L.P. raised its stake in Versum Materials by 162.3% during the 1st quarter. Natixis Advisors L.P. now owns 86,707 shares of the basic materials company’s stock valued at $3,263,000 after purchasing an additional 53,646 shares during the period. 91.90% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:VSM opened at $36.84 on Tuesday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 3.39 and a current ratio of 4.43. Versum Materials Inc has a 1 year low of $33.06 and a 1 year high of $42.74. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.21 and a beta of 0.52.

Versum Materials (NYSE:VSM) last released its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. The business had revenue of $350.00 million for the quarter, compared to the consensus estimate of $344.20 million. equities analysts expect that Versum Materials Inc will post 2.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, August 13th. Versum Materials’s payout ratio is 12.57%.

In other news, Director Susan C. Schnabel acquired 2,500 shares of Versum Materials stock in a transaction on Monday, August 13th. The shares were acquired at an average price of $37.49 per share, with a total value of $93,725.00. Following the purchase, the director now directly owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Several brokerages recently issued reports on VSM. Zacks Investment Research downgraded Versum Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Credit Suisse Group lifted their target price on Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Finally, KeyCorp lifted their target price on Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.14.

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. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.

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

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