Grandview Asset Management LLC purchased a new position in Versum Materials Inc (NYSE:VSM) in the fourth quarter, HoldingsChannel reports. The firm purchased 7,356 shares of the basic materials company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlueMountain Capital Management LLC increased its position in Versum Materials by 14.3% in the third quarter. BlueMountain Capital Management LLC now owns 23,111 shares of the basic materials company’s stock worth $832,000 after buying an additional 2,900 shares in the last quarter. Northern Trust Corp increased its position in Versum Materials by 3.7% in the second quarter. Northern Trust Corp now owns 971,175 shares of the basic materials company’s stock worth $36,079,000 after buying an additional 34,672 shares in the last quarter. Vanguard Group Inc. increased 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 worth $370,264,000 after buying an additional 385,271 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in Versum Materials by 4.2% in the third quarter. Virginia Retirement Systems ET AL now owns 72,500 shares of the basic materials company’s stock worth $2,611,000 after buying an additional 2,900 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Versum Materials by 20.4% in the third 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 in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

In other Versum Materials news, Director Thomas Riordan bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average price of $29.03 per share, for a total transaction of $174,180.00. Following the completion of the transaction, the director now owns 20,005 shares of the company’s stock, valued at approximately $580,745.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schnabel bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were acquired at an average price of $30.85 per share, with a total value of $30,850.00. Following the transaction, the director now directly owns 22,877 shares of the company’s stock, valued at approximately $705,755.45. The disclosure for this purchase can be found here. Insiders have purchased 8,000 shares of company stock valued at $236,940 in the last quarter. 0.61% of the stock is currently owned by company insiders.

A number of analysts have commented on the company. Zacks Investment Research cut Versum Materials from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Goldman Sachs Group upgraded Versum Materials from a “sell” rating to a “neutral” rating and increased their target price for the stock from $26.00 to $31.00 in a research report on Thursday, January 31st. Finally, Loop Capital set a $42.00 target price on Versum Materials and gave the stock a “hold” rating in a research report on Friday, November 23rd. 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 company. Versum Materials currently has an average rating of “Hold” and a consensus price target of $46.33.

NYSE:VSM opened at $36.92 on Monday. The company has a debt-to-equity ratio of 3.65, a current ratio of 4.82 and a quick ratio of 3.74. Versum Materials Inc has a 12-month low of $25.02 and a 12-month high of $41.35. The stock has a market cap of $4.04 billion, a P/E ratio of 15.71 and a beta of 1.94.

Versum Materials (NYSE:VSM) last released its earnings results on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Versum Materials had a return on equity of 135.80% and a net margin of 17.37%. The firm had revenue of $339.50 million during the quarter, compared to analysts’ expectations of $339.69 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that Versum Materials Inc will post 2.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 12th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Monday, February 11th. Versum Materials’s dividend payout ratio is currently 13.62%.

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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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Want to see what other hedge funds are holding VSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Versum Materials Inc (NYSE:VSM).

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

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