Legal & General Group Plc Trims Position in Versum Materials Inc (VSM)
Legal & General Group Plc lowered its stake in shares of Versum Materials Inc (NYSE:VSM) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,811 shares of the basic materials company’s stock after selling 3,313 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of Versum Materials worth $4,376,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Associated Banc Corp grew its position in Versum Materials by 18.1% during the second quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock valued at $343,000 after buying an additional 1,414 shares during the period. Aperio Group LLC grew its position in Versum Materials by 2.3% during the second quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock valued at $2,469,000 after buying an additional 1,516 shares during the period. US Bancorp DE grew its position in Versum Materials by 8.4% during the first quarter. US Bancorp DE now owns 20,723 shares of the basic materials company’s stock valued at $781,000 after buying an additional 1,607 shares during the period. Great West Life Assurance Co. Can grew its position in Versum Materials by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 64,432 shares of the basic materials company’s stock valued at $2,426,000 after buying an additional 1,700 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Versum Materials by 72.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,925 shares during the period. Institutional investors own 91.89% of the company’s stock.
Shares of NYSE:VSM opened at $36.66 on Monday. The company has a debt-to-equity ratio of 6.20, a current ratio of 4.43 and a quick ratio of 3.39. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.21 and a beta of 0.52. Versum Materials Inc has a twelve month low of $33.06 and a twelve month high of $42.74.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. Versum Materials’s dividend payout ratio is presently 12.57%.
Several equities analysts recently weighed in on VSM shares. KeyCorp increased their price target on shares of Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Credit Suisse Group increased their price target on shares of Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Versum Materials has a consensus rating of “Buy” and a consensus target price of $46.14.
In other Versum Materials news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares of the company’s stock, valued at $632,043.91. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by company insiders.
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. 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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