Versum Materials Inc (NYSE:VSM) Position Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC boosted its position in Versum Materials Inc (NYSE:VSM) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,945 shares of the basic materials company’s stock after purchasing an additional 7,321 shares during the period. Parametric Portfolio Associates LLC’s holdings in Versum Materials were worth $10,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VSM. Prudential Financial Inc. increased its holdings in Versum Materials by 52.1% in the fourth quarter. Prudential Financial Inc. now owns 1,346,843 shares of the basic materials company’s stock valued at $37,335,000 after buying an additional 461,489 shares in the last quarter. Two Sigma Investments LP purchased a new position in Versum Materials in the fourth quarter valued at about $3,565,000. JPMorgan Chase & Co. increased its holdings in Versum Materials by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 113,798 shares of the basic materials company’s stock valued at $4,098,000 after buying an additional 29,096 shares in the last quarter. Raymond James & Associates increased its holdings in Versum Materials by 5.2% in the fourth quarter. Raymond James & Associates now owns 314,987 shares of the basic materials company’s stock valued at $8,731,000 after buying an additional 15,634 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in Versum Materials by 2,818.4% in the fourth quarter. Gotham Asset Management LLC now owns 176,564 shares of the basic materials company’s stock valued at $4,894,000 after buying an additional 170,514 shares in the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Shares of VSM opened at $51.64 on Thursday. The company has a debt-to-equity ratio of 3.18, a current ratio of 5.27 and a quick ratio of 4.03. Versum Materials Inc has a 1-year low of $25.02 and a 1-year high of $52.58. The company has a market cap of $5.62 billion, a PE ratio of 21.97 and a beta of 1.86.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The business had revenue of $326.20 million during the quarter, compared to analysts’ expectations of $340.56 million. During the same period last year, the company posted $0.59 EPS. The company’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Versum Materials Inc will post 2.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.08 per share. The ex-dividend date was 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 (DPR) is 13.62%.

A number of research analysts have issued reports on VSM shares. Loop Capital raised shares of Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research raised shares of Versum Materials from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Stifel Nicolaus cut shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Argus cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Jefferies Financial Group cut shares of Versum Materials from a “buy” rating to a “hold” rating and raised their price objective for the stock from $44.00 to $47.00 in a research note 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 given a buy rating to the company’s stock. Versum Materials presently 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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