Culbertson A N & Co. Inc. acquired a new position in Versum Materials Inc (NYSE:VSM) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,869 shares of the basic materials company’s stock, valued at approximately $346,000.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Versum Materials in the 4th quarter valued at about $29,000. Oregon Public Employees Retirement Fund lifted its holdings in Versum Materials by 2,706.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,206,818 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,163,813 shares in the last quarter. Fort L.P. purchased a new position in Versum Materials in the 4th quarter valued at about $48,000. NumerixS Investment Technologies Inc purchased a new position in Versum Materials in the 4th quarter valued at about $62,000. Finally, Valley National Advisers Inc. purchased a new position in Versum Materials in the 4th quarter valued at about $72,000. Institutional investors own 92.17% of the company’s stock.
A number of research analysts have issued reports on VSM shares. Loop Capital upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 29th. Jefferies Financial Group lowered shares of Versum Materials from a “buy” rating to a “hold” rating and increased their price objective for the stock from $44.00 to $47.00 in a report on Monday, March 4th. Argus lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, March 25th. KeyCorp increased their price objective on shares of Versum Materials from $44.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Finally, Goldman Sachs Group upgraded shares of Versum Materials from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $26.00 to $31.00 in a report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Versum Materials presently has an average rating of “Hold” and an average target price of $46.00.
Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Monday, February 4th. The basic materials company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $339.50 million for the quarter, compared to analyst estimates of $339.69 million. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Analysts expect that Versum Materials Inc will post 2.37 earnings per share for the current fiscal year.
Versum Materials 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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