Donaldson Capital Management LLC cut its position in shares of Versum Materials Inc (NYSE:VSM) by 16.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 53,008 shares of the basic materials company’s stock after selling 10,380 shares during the period. Donaldson Capital Management LLC’s holdings in Versum Materials were worth $1,622,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Versum Materials by 716.4% in the fourth quarter. Franklin Resources Inc. now owns 4,456,042 shares of the basic materials company’s stock worth $125,081,000 after buying an additional 3,910,242 shares during the period. Iridian Asset Management LLC CT boosted its stake in shares of Versum Materials by 7.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,179,707 shares of the basic materials company’s stock worth $97,299,000 after buying an additional 220,040 shares during the period. Gates Capital Management Inc. boosted its stake in shares of Versum Materials by 117.9% in the fourth quarter. Gates Capital Management Inc. now owns 3,065,750 shares of the basic materials company’s stock worth $86,056,000 after buying an additional 1,658,650 shares during the period. State Street Corp purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $74,676,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Versum Materials during the fourth quarter worth approximately $49,850,000. 17.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Versum Materials Inc (NYSE:VSM) traded up 1.00% during mid-day trading on Friday, reaching $30.35. The company had a trading volume of 439,878 shares. The company has a 50 day moving average price of $30.65 and a 200 day moving average price of $28.45. Versum Materials Inc has a one year low of $21.86 and a one year high of $33.01. The company has a market capitalization of $3.30 billion and a price-to-earnings ratio of 17.48.
Versum Materials (NYSE:VSM) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $270.80 million during the quarter, compared to the consensus estimate of $249.95 million. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. On average, analysts anticipate that Versum Materials Inc will post $1.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th were given a $0.05 dividend. The ex-dividend date was Monday, April 3rd. This represents a $0.20 annualized dividend and a yield of 0.66%.
A number of equities research analysts have commented on VSM shares. Zacks Investment Research cut Versum Materials from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. KeyCorp raised their target price on Versum Materials from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, January 23rd. Goldman Sachs Group Inc began coverage on Versum Materials in a report on Friday, February 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Aegis began coverage on Versum Materials in a report on Friday, March 17th. They issued a “hold” rating and a $33.00 target price on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $31.00 target price on shares of Versum Materials in a report on Tuesday, February 14th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Versum Materials presently has a consensus rating of “Hold” and a consensus price target of $30.44.
In other Versum Materials news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $30.14 per share, with a total value of $75,350.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $75,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.
About Versum Materials
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
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