Albert D Mason Inc. cut its holdings in shares of Versum Materials Inc (NYSE:VSM) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,527 shares of the basic materials company’s stock after selling 285 shares during the quarter. Albert D Mason Inc.’s holdings in Versum Materials were worth $264,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Franklin Resources Inc. lifted its position in shares of Versum Materials by 20.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,716,804 shares of the basic materials company’s stock worth $205,862,000 after buying an additional 966,999 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Versum Materials by 53.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,310,884 shares of the basic materials company’s stock valued at $47,206,000 after purchasing an additional 454,870 shares in the last quarter. Vanguard Group Inc grew its position in shares of Versum Materials by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 10,282,274 shares of the basic materials company’s stock worth $370,264,000 after buying an additional 385,271 shares during the period. Vanguard Group Inc. raised its position in Versum Materials by 3.9% in the third quarter. Vanguard Group Inc. now owns 10,282,274 shares of the basic materials company’s stock valued at $370,264,000 after purchasing an additional 385,271 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in Versum Materials during the third quarter worth about $12,473,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
VSM stock opened at $37.51 on Thursday. The company has a current ratio of 4.82, a quick ratio of 3.74 and a debt-to-equity ratio of 3.65. Versum Materials Inc has a 52-week low of $25.02 and a 52-week high of $41.35. The company has a market cap of $4.04 billion, a PE ratio of 15.96 and a beta of 1.94.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Monday, February 11th. Versum Materials’s dividend payout ratio (DPR) is currently 13.62%.
In other news, Director Susan C. Schnabel purchased 1,000 shares of the business’s stock in a transaction on Friday, December 7th. The stock was acquired at an average cost of $31.91 per share, for a total transaction of $31,910.00. Following the purchase, the director now directly owns 22,877 shares in the company, valued at approximately $730,005.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Riordan purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, December 12th. The shares were acquired at an average cost of $29.03 per share, with a total value of $174,180.00. Following the completion of the acquisition, the director now directly owns 20,005 shares in the company, valued at $580,745.15. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,000 shares of company stock worth $236,940. Corporate insiders own 0.61% of the company’s stock.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Goldman Sachs Group upgraded Versum Materials from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $26.00 to $31.00 in a report on Thursday, January 31st. Finally, Loop Capital raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Versum Materials currently has an average rating of “Hold” and an average target price of $46.33.
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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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