KBC Group NV Sells 1,617 Shares of Versum Materials Inc. (VSM)

KBC Group NV cut its holdings in shares of Versum Materials Inc. (NYSE:VSM) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,236 shares of the basic materials company’s stock after selling 1,617 shares during the quarter. KBC Group NV’s holdings in Versum Materials were worth $397,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of 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 purchasing an additional 7,867,760 shares in the last quarter. Shapiro Capital Management LLC raised its stake in shares of 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 purchasing an additional 1,207,568 shares in the last quarter. Morgan Stanley raised its stake in shares of Versum Materials by 136.2% in the first quarter. Morgan Stanley now owns 727,575 shares of the basic materials company’s stock valued at $22,264,000 after purchasing an additional 419,515 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Versum Materials by 139.5% in the first quarter. Dimensional Fund Advisors LP now owns 464,150 shares of the basic materials company’s stock valued at $14,203,000 after purchasing an additional 270,327 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in shares of Versum Materials by 7.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,179,707 shares of the basic materials company’s stock valued at $97,299,000 after purchasing an additional 220,040 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “KBC Group NV Sells 1,617 Shares of Versum Materials Inc. (VSM)” was published by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://baseballnewssource.com/markets/versum-materials-inc-vsm-stake-decreased-by-kbc-group-nv/1600427.html.

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

Versum Materials Inc. (NYSE:VSM) opened at 37.84 on Friday. The stock’s 50 day moving average price is $37.83 and its 200 day moving average price is $37.83. The firm has a market cap of $4.12 billion and a price-to-earnings ratio of 21.38. Versum Materials Inc. has a 52 week low of $21.86 and a 52 week high of $38.38.

Versum Materials (NYSE:VSM) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $290.80 million during the quarter, compared to analyst estimates of $265.64 million. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, equities research analysts predict that Versum Materials Inc. will post $1.91 EPS for the current year.

A number of analysts have weighed in on VSM shares. Credit Suisse Group set a $40.00 price target on Versum Materials and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, August 2nd. Needham & Company LLC started coverage on Versum Materials in a research report on Monday, July 10th. They issued a “buy” rating and a $38.00 price target on the stock. Aegis upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, June 23rd. Finally, ValuEngine upgraded Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.27.

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)

Receive News & Ratings for Versum Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.