Versum Materials Inc. (NYSE:VSM) Shares Sold by Woodstock Corp

Woodstock Corp decreased its position in Versum Materials Inc. (NYSE:VSM) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,694 shares of the basic materials company’s stock after selling 3,832 shares during the period. Woodstock Corp’s holdings in Versum Materials were worth $348,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. High Point Bank & Trust Co. bought a new position in shares of Versum Materials during the fourth quarter worth $100,000. Glen Harbor Capital Management LLC raised its position in shares of Versum Materials by 18.9% in the first quarter. Glen Harbor Capital Management LLC now owns 4,290 shares of the basic materials company’s stock worth $131,000 after buying an additional 682 shares in the last quarter. Creative Planning raised its position in Versum Materials by 17.0% in the second quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after buying an additional 666 shares during the period. Elkfork Partners LLC raised its position in Versum Materials by 18.9% in the first quarter. Elkfork Partners LLC now owns 5,460 shares of the basic materials company’s stock valued at $167,000 after buying an additional 868 shares during the period. Finally, Meadow Creek Investment Management LLC raised its position in Versum Materials by 18.9% in the first quarter. Meadow Creek Investment Management LLC now owns 6,630 shares of the basic materials company’s stock valued at $203,000 after buying an additional 1,054 shares during the period. Hedge funds and other institutional investors own 88.60% of the company’s stock.

Versum Materials Inc. (NYSE VSM) traded down 0.28% during mid-day trading on Tuesday, hitting $36.09. 413,335 shares of the stock were exchanged. The company has a 50 day moving average of $33.70 and a 200 day moving average of $31.06. The firm has a market cap of $3.93 billion and a P/E ratio of 20.39. Versum Materials Inc. has a 12-month low of $21.86 and a 12-month high of $37.40.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $265.64 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities analysts anticipate that Versum Materials Inc. will post $1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%.

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Several equities analysts have commented on VSM shares. Credit Suisse Group set a $33.00 price objective on shares of Versum Materials and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, July 5th. Needham & Company LLC initiated coverage on shares of Versum Materials in a research note on Monday, July 10th. They issued a “buy” rating and a $38.00 target price on the stock. Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.30.

In other news, Director Jacques M. Croisetiere bought 2,750 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $36.00 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the director now owns 8,376 shares of the company’s stock, valued at $301,536. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate 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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