Qube Research & Technologies Ltd Purchases New Position in Versum Materials Inc (NYSE:VSM)

Qube Research & Technologies Ltd purchased a new stake in shares of Versum Materials Inc (NYSE:VSM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,331 shares of the basic materials company’s stock, valued at approximately $223,000.

A number of other hedge funds also recently made changes to their positions in VSM. CNH Partners LLC purchased a new position in Versum Materials during the first quarter valued at approximately $89,312,000. Alpine Associates Management Inc. purchased a new position in Versum Materials during the first quarter valued at approximately $70,340,000. OZ Management LP purchased a new position in Versum Materials during the first quarter valued at approximately $57,869,000. BNP Paribas Arbitrage SA raised its position in Versum Materials by 27,811.6% during the second quarter. BNP Paribas Arbitrage SA now owns 1,074,874 shares of the basic materials company’s stock valued at $55,442,000 after acquiring an additional 1,071,023 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Versum Materials in the first quarter valued at approximately $37,372,000. Institutional investors own 92.48% of the company’s stock.

Versum Materials stock opened at $52.06 on Thursday. The stock has a market capitalization of $5.69 billion, a PE ratio of 22.15 and a beta of 1.66. Versum Materials Inc has a 12 month low of $25.02 and a 12 month high of $52.58. The business has a 50 day simple moving average of $51.86 and a 200-day simple moving average of $49.63. The company has a debt-to-equity ratio of 4.77, a current ratio of 4.33 and a quick ratio of 3.12.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). The business had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $351.13 million. Versum Materials had a net margin of 5.87% and a return on equity of 99.97%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. On average, equities research analysts anticipate that Versum Materials Inc will post 2.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, August 12th. Versum Materials’s payout ratio is 13.62%.

Separately, Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.50.

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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