Vulcan Value Partners LLC Invests $20.76 Million in Versum Materials Inc (VSM)

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Vulcan Value Partners LLC acquired a new stake in Versum Materials Inc (NYSE:VSM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 558,867 shares of the basic materials company’s stock, valued at approximately $20,762,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. People s United Financial Inc. purchased a new position in shares of Versum Materials in the 2nd quarter valued at about $16,111,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Versum Materials in the 1st quarter valued at about $113,000. Group One Trading L.P. purchased a new position in shares of Versum Materials in the 1st quarter valued at about $115,000. SeaCrest Wealth Management LLC increased its holdings in shares of Versum Materials by 615.4% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 4,471 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 3,846 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of 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 valued at $165,000 after acquiring an additional 1,925 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

A number of research analysts recently issued reports on VSM shares. Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Friday, May 11th. Argus upgraded Versum Materials from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Credit Suisse Group raised their price target on Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Finally, KeyCorp raised their price target on Versum Materials from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.14.

VSM opened at $37.71 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.24 and a beta of 0.52. Versum Materials Inc has a 12 month low of $33.06 and a 12 month high of $42.74. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $350.00 million during 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 forecast that Versum Materials Inc will post 2.33 EPS for the current fiscal year.

The business also recently declared 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. This represents a $0.24 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, August 13th. Versum Materials’s payout ratio is 12.57%.

In other Versum Materials news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average price of $37.49 per share, with a total value of $93,725.00. Following the completion of the transaction, the director now directly owns 16,859 shares in the company, valued at $632,043.91. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

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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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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