Russell Investments Group Ltd. lessened its stake in shares of Versum Materials Inc (NYSE:VSM) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285,177 shares of the basic materials company’s stock after selling 22,059 shares during the period. Russell Investments Group Ltd. owned 0.26% of Versum Materials worth $10,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of Versum Materials by 3.7% in the 2nd quarter. Northern Trust Corp now owns 971,175 shares of the basic materials company’s stock valued at $36,079,000 after acquiring an additional 34,672 shares during the last quarter. Credit Agricole S A lifted its holdings in shares of Versum Materials by 64.7% in the 2nd quarter. Credit Agricole S A now owns 56,000 shares of the basic materials company’s stock valued at $2,080,000 after acquiring an additional 22,000 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in shares of Versum Materials by 112.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 20,211 shares of the basic materials company’s stock valued at $751,000 after acquiring an additional 10,681 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Versum Materials by 4.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock valued at $1,578,000 after acquiring an additional 1,692 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Versum Materials by 236.1% in the 2nd quarter. GSA Capital Partners LLP now owns 86,562 shares of the basic materials company’s stock valued at $3,216,000 after acquiring an additional 60,807 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Versum Materials stock opened at $33.58 on Friday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 3.39 and a current ratio of 4.33. Versum Materials Inc has a 1-year low of $28.96 and a 1-year high of $41.35. The stock has a market capitalization of $3.57 billion, a P/E ratio of 14.28, a PEG ratio of 1.01 and a beta of 1.06.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Versum Materials had a net margin of 14.39% and a return on equity of 185.48%. The company had revenue of $350.80 million for the quarter, compared to analyst estimates of $329.43 million. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts expect that Versum Materials Inc will post 2.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a $0.08 dividend. This is a positive change from Versum Materials’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 9th. Versum Materials’s dividend payout ratio is 13.62%.

In other news, Director Susan C. Schnabel acquired 2,500 shares of Versum Materials stock in a transaction that occurred on Friday, November 9th. The shares were bought at an average cost of $33.85 per share, with a total value of $84,625.00. Following the transaction, the director now directly owns 18,870 shares of the company’s stock, valued at approximately $638,749.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Seifi Ghasemi acquired 20,000 shares of Versum Materials stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of $33.41 per share, for a total transaction of $668,200.00. Following the completion of the transaction, the director now directly owns 204,280 shares in the company, valued at $6,824,994.80. The disclosure for this purchase can be found here. Corporate insiders own 0.55% of the company’s stock.

VSM has been the subject of a number of analyst reports. KeyCorp increased their price target on shares of Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, September 7th. ValuEngine downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. Finally, Credit Suisse Group increased their price target on shares of Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target 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. 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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