People s United Financial Inc. purchased a new position in Versum Materials Inc (NYSE:VSM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,094 shares of the basic materials company’s stock, valued at approximately $16,111,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Associated Banc Corp increased its position in Versum Materials by 18.1% in the 2nd quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock worth $343,000 after buying an additional 1,414 shares during the period. Aperio Group LLC increased its position in Versum Materials by 2.3% in the 2nd quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock worth $2,469,000 after buying an additional 1,516 shares during the period. US Bancorp DE increased its position in Versum Materials by 8.4% in the 1st quarter. US Bancorp DE now owns 20,723 shares of the basic materials company’s stock worth $781,000 after buying an additional 1,607 shares during the period. Great West Life Assurance Co. Can increased its position in Versum Materials by 2.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,432 shares of the basic materials company’s stock worth $2,426,000 after buying an additional 1,700 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Versum Materials by 72.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,596 shares of the basic materials company’s stock worth $165,000 after buying an additional 1,925 shares during the period. 92.13% of the stock is currently owned by institutional investors.

VSM has been the topic of several recent analyst reports. Credit Suisse Group lifted their price target on Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Argus raised Versum Materials from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research raised Versum Materials from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, May 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Versum Materials presently has a consensus rating of “Buy” and an average price target of $39.57.

VSM opened at $37.52 on Friday. The company has a market cap of $4.06 billion, a PE ratio of 19.64, a PEG ratio of 1.22 and a beta of 0.53. The company has a current ratio of 4.43, a quick ratio of 3.39 and a debt-to-equity ratio of 6.20. Versum Materials Inc has a 1 year low of $33.06 and a 1 year high of $42.74.

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, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $350.00 million for the quarter, compared to analysts’ expectations of $344.20 million. Versum Materials had a return on equity of 264.89% and a net margin of 14.29%. research analysts predict that Versum Materials Inc will post 2.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, August 13th. Versum Materials’s dividend payout ratio is presently 12.57%.

In other news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of $37.49 per share, for a total transaction of $93,725.00. Following the completion of the transaction, the director now owns 16,859 shares in the company, valued at approximately $632,043.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Versum Materials 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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