Marble Harbor Investment Counsel LLC lowered its stake in Versum Materials Inc. (NYSE:VSM) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,653 shares of the basic materials company’s stock after selling 400 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Versum Materials were worth $509,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of VSM. 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 valued at $247,043,000 after buying an additional 7,867,760 shares during the period. 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 valued at $46,590,000 after buying an additional 1,439,070 shares during the period. Iridian Asset Management LLC CT raised its stake in Versum Materials by 38.8% in the second quarter. Iridian Asset Management LLC CT now owns 4,413,786 shares of the basic materials company’s stock valued at $143,448,000 after buying an additional 1,234,079 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 valued at $129,571,000 after buying an additional 1,207,568 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Versum Materials by 140.0% in the second quarter. First Eagle Investment Management LLC now owns 758,315 shares of the basic materials company’s stock valued at $24,645,000 after buying an additional 442,313 shares during the period. Institutional investors own 89.60% of the company’s stock.

Versum Materials Inc. (NYSE:VSM) traded up 0.47% during midday trading on Thursday, reaching $36.17. The company’s stock had a trading volume of 13,173 shares. The firm has a market capitalization of $3.93 billion and a P/E ratio of 20.44. The company’s 50-day moving average is $34.95 and its 200 day moving average is $31.85. 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 analysts’ consensus estimates 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 business had revenue of $290.80 million for the quarter, compared to the consensus estimate of $265.64 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that Versum Materials Inc. will post $1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%.

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VSM has been the subject of several research reports. Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. Aegis upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday, June 23rd. Needham & Company LLC initiated coverage on Versum Materials in a research note on Monday, July 10th. They set a “buy” rating and a $38.00 price objective for the company. Credit Suisse Group set a $35.00 price objective on Versum Materials and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Versum Materials currently has an average rating of “Buy” and an average price target of $34.30.

In other Versum Materials news, Director Jacques M. Croisetiere bought 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $36.00 per share, for a total transaction of $99,000.00. Following the acquisition, the director now directly owns 8,376 shares of the company’s stock, valued at $301,536. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is 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.

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

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