MUFG Securities EMEA plc Lowers Position in Versum Materials Inc (NYSE:VSM)

MUFG Securities EMEA plc lessened its stake in shares of Versum Materials Inc (NYSE:VSM) by 70.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 93,800 shares of the basic materials company’s stock after selling 218,900 shares during the period. MUFG Securities EMEA plc’s holdings in Versum Materials were worth $4,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VSM. Machina Capital S.A.S. grew its stake in shares of Versum Materials by 97.7% during the second quarter. Machina Capital S.A.S. now owns 593 shares of the basic materials company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in Versum Materials during the 2nd quarter valued at $48,000. Heritage Wealth Advisors grew its position in Versum Materials by 20.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 200 shares during the last quarter. Cutler Group LP bought a new position in Versum Materials in the 2nd quarter valued at $103,000. Finally, Twin Tree Management LP purchased a new stake in Versum Materials in the first quarter worth $122,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

VSM stock traded up $0.04 during mid-day trading on Wednesday, reaching $52.26. The company had a trading volume of 36,404 shares, compared to its average volume of 786,986. The company has a market capitalization of $5.70 billion, a PE ratio of 22.23 and a beta of 1.65. The firm has a 50 day moving average of $51.96 and a 200 day moving average of $51.07. Versum Materials Inc has a 12 month low of $25.02 and a 12 month high of $52.58. 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 results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). The company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $351.13 million. Versum Materials had a net margin of 5.87% and a return on equity of 99.97%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Analysts anticipate that Versum Materials Inc will post 2.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, August 12th. This represents a $0.32 annualized dividend and a yield of 0.61%. Versum Materials’s payout ratio is currently 13.62%.

Separately, Zacks Investment Research downgraded Versum Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Versum Materials presently has an average rating of “Hold” and an average price target 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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