Creative Planning Has $149,000 Stake in Versum Materials Inc. (NYSE:VSM)
Creative Planning boosted its position in Versum Materials Inc. (NYSE:VSM) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,587 shares of the basic materials company’s stock after buying an additional 666 shares during the period. Creative Planning’s holdings in Versum Materials were worth $149,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VSM. Vanguard Group Inc. raised its stake in Versum Materials by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,796,978 shares of the basic materials company’s stock worth $269,187,000 after buying an additional 125,435 shares during the period. BlackRock Inc. raised its stake in Versum Materials by 3,827.3% in the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after buying an additional 7,867,760 shares during the period. Shapiro Capital Management LLC raised its stake in Versum Materials by 39.9% in the first quarter. Shapiro Capital Management LLC now owns 4,234,338 shares of the basic materials company’s stock worth $129,571,000 after buying an additional 1,207,568 shares during the period. Iridian Asset Management LLC CT raised its stake in 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. Finally, Jennison Associates LLC raised its stake in Versum Materials by 1,724.0% in the first quarter. Jennison Associates LLC now owns 1,522,541 shares of the basic materials company’s stock worth $46,590,000 after buying an additional 1,439,070 shares during the period. 88.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Versum Materials Inc. (VSM) traded up 0.89% during trading on Friday, hitting $35.23. 348,920 shares of the stock were exchanged. The stock has a market cap of $3.83 billion and a PE ratio of 19.90. The firm has a 50 day moving average of $34.25 and a 200-day moving average of $31.36. Versum Materials Inc. has a 52-week low of $21.86 and a 52-week high of $37.40.
Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The firm had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that Versum Materials Inc. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 3rd.
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A number of analysts recently weighed in on VSM shares. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Credit Suisse Group set a $40.00 price target on shares of Versum Materials and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, June 23rd. Finally, Needham & Company LLC began coverage on shares of Versum Materials in a report on Monday, July 10th. They issued a “buy” rating and a $38.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.30.
In related news, Director Jacques M. Croisetiere bought 2,750 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $36.00 per share, with a total value of $99,000.00. Following the completion of the acquisition, the director now owns 8,376 shares of the company’s stock, valued at $301,536. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.
Versum Materials Company Profile
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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