Oppenheimer & Co. Inc. reduced its stake in shares of Versum Materials Inc (NYSE:VSM) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,649 shares of the basic materials company’s stock after selling 1,012 shares during the period. Oppenheimer & Co. Inc.’s holdings in Versum Materials were worth $498,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VSM. CNH Partners LLC acquired a new stake in Versum Materials in the first quarter valued at $89,312,000. Alpine Associates Management Inc. bought a new stake in Versum Materials in the 1st quarter valued at $70,340,000. OZ Management LP bought a new stake in Versum Materials in the 1st quarter valued at $57,869,000. BNP Paribas Arbitrage SA lifted its holdings in Versum Materials by 27,811.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,074,874 shares of the basic materials company’s stock valued at $55,442,000 after purchasing an additional 1,071,023 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Versum Materials during the first quarter worth $37,372,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Shares of NYSE:VSM traded down $0.01 during trading on Wednesday, reaching $52.21. 14,064 shares of the stock were exchanged, compared to its average volume of 786,986. Versum Materials Inc has a 12 month low of $25.02 and a 12 month high of $52.58. The firm has a market cap of $5.70 billion, a PE ratio of 22.22 and a beta of 1.65. The stock has a 50-day moving average price of $51.96 and a 200-day moving average price of $51.07. The company has a current ratio of 4.33, a quick ratio of 3.12 and a debt-to-equity ratio of 4.77.

Versum Materials (NYSE:VSM) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). Versum Materials had a return on equity of 99.97% and a net margin of 5.87%. The firm had revenue of $324.30 million for the quarter, compared to the consensus estimate of $351.13 million. During the same quarter last year, the business posted $0.63 EPS. Versum Materials’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, sell-side analysts expect that Versum Materials Inc will post 2.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, August 12th. Versum Materials’s dividend payout ratio (DPR) is presently 13.62%.

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

Further Reading: Commodities

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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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