Versum Materials Inc (VSM) Shares Bought by Port Capital LLC
Port Capital LLC increased its position in Versum Materials Inc (NYSE:VSM) by 49.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 278,475 shares of the basic materials company’s stock after acquiring an additional 92,600 shares during the period. Versum Materials makes up about 1.2% of Port Capital LLC’s investment portfolio, making the stock its 29th largest position. Port Capital LLC’s holdings in Versum Materials were worth $10,028,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp lifted its holdings in shares of Versum Materials by 18.1% in 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 lifted its holdings in shares of Versum Materials by 2.3% in 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. Oregon Public Employees Retirement Fund lifted its holdings in shares of Versum Materials by 4.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock valued at $1,578,000 after buying an additional 1,692 shares during the period. Arizona State Retirement System lifted its holdings in shares of Versum Materials by 2.3% in the third quarter. Arizona State Retirement System now owns 77,359 shares of the basic materials company’s stock valued at $2,786,000 after buying an additional 1,722 shares during the period. Finally, Oakbrook Investments LLC lifted its holdings in shares of Versum Materials by 30.7% in the third quarter. Oakbrook Investments LLC now owns 7,450 shares of the basic materials company’s stock valued at $268,000 after buying an additional 1,750 shares during the period. Institutional investors and hedge funds own 91.94% of the company’s stock.
VSM has been the subject of several research analyst reports. Credit Suisse Group upped their price objective on Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. KeyCorp upped their price objective on Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, September 7th. ValuEngine lowered Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research lowered Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. Finally, Loop Capital set a $42.00 price objective on Versum Materials and gave the company a “hold” rating in a report on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.33.
Shares of Versum Materials stock traded down $1.09 on Thursday, reaching $32.88. 82,414 shares of the company were exchanged, compared to its average volume of 763,380. The firm has a market capitalization of $3.70 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.10. The company has a quick ratio of 3.39, a current ratio of 4.33 and a debt-to-equity ratio of 4.59. Versum Materials Inc has a fifty-two week low of $28.96 and a fifty-two week high of $41.35.
Versum Materials (NYSE:VSM) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $350.80 million for the quarter, compared to analyst estimates of $329.43 million. Versum Materials had a return on equity of 185.48% and a net margin of 14.39%. Versum Materials’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts expect that Versum Materials Inc will post 2.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 9th. This is a positive change from Versum Materials’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. Versum Materials’s payout ratio is 13.62%.
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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