American Trust Investment Advisors LLC Takes Position in Versum Materials Inc. (VSM)

American Trust Investment Advisors LLC acquired a new stake in Versum Materials Inc. (NYSE:VSM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 95,361 shares of the basic materials company’s stock, valued at approximately $3,099,000. Versum Materials comprises approximately 2.7% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 11th largest position. American Trust Investment Advisors LLC owned about 0.09% of Versum Materials as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Versum Materials by 1.4% in the first quarter. Vanguard Group Inc. now owns 8,796,978 shares of the basic materials company’s stock valued at $269,187,000 after buying an additional 125,435 shares in the last quarter. BlackRock Inc. boosted its stake in 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 buying an additional 7,867,760 shares in the last quarter. Shapiro Capital Management LLC boosted its stake in 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 buying an additional 1,207,568 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in 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 buying an additional 220,040 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Versum Materials by 1,724.0% in the first quarter. Jennison Associates LLC now owns 1,522,541 shares of the basic materials company’s stock valued at $46,590,000 after buying an additional 1,439,070 shares in the last quarter. 89.09% of the stock is owned by institutional investors.

Shares of Versum Materials Inc. (NYSE:VSM) opened at 35.16 on Friday. The stock’s 50 day moving average is $34.57 and its 200-day moving average is $31.61. The company has a market cap of $3.82 billion and a price-to-earnings ratio of 19.86. Versum Materials Inc. has a 52 week low of $21.86 and a 52 week high of $37.40.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 3rd.

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Several analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $38.00 price objective (up previously from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Credit Suisse Group set a $40.00 price objective on shares of Versum Materials and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded 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 report on Wednesday, August 2nd. Needham & Company LLC assumed coverage on shares of Versum Materials in a research report on Monday, July 10th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Aegis upgraded 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 report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Versum Materials currently has an average rating of “Buy” and an average target price of $34.30.

In other news, Director Jacques M. Croisetiere acquired 2,750 shares of Versum Materials stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $36.00 per share, with a total value of $99,000.00. Following the purchase, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $301,536. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

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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