Versum Materials Inc. (VSM) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in shares of Versum Materials Inc. (NYSE:VSM) by 12.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,578,001 shares of the basic materials company’s stock after acquiring an additional 172,642 shares during the period. Lazard Asset Management LLC owned about 1.45% of Versum Materials worth $51,284,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in shares of Versum Materials by 3.1% during the second quarter. Mutual of America Capital Management LLC now owns 86,810 shares of the basic materials company’s stock valued at $2,821,000 after acquiring an additional 2,571 shares in the last quarter. Columbia Partners L L C Investment Management bought a new stake in shares of Versum Materials during the second quarter valued at approximately $1,686,000. ProShare Advisors LLC raised its stake in shares of Versum Materials by 0.4% during the second quarter. ProShare Advisors LLC now owns 15,614 shares of the basic materials company’s stock valued at $507,000 after acquiring an additional 55 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Versum Materials during the second quarter valued at approximately $441,000. Finally, BT Investment Management Ltd bought a new stake in shares of Versum Materials during the second quarter valued at approximately $303,000. 89.59% of the stock is owned by hedge funds and other institutional investors.

In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $36.00 per share, with a total value of $99,000.00. Following the transaction, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $301,536. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Versum Materials in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Versum Materials in a research note on Tuesday, September 5th. Credit Suisse Group set a $40.00 price target on shares of Versum Materials and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Aegis raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, June 23rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.60.

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Shares of Versum Materials Inc. (NYSE VSM) traded down 0.44% during trading on Tuesday, reaching $38.12. 57,132 shares of the company were exchanged. The stock has a market capitalization of $4.15 billion and a P/E ratio of 21.54. Versum Materials Inc. has a 1-year low of $21.86 and a 1-year high of $38.38. The firm has a 50-day moving average price of $37.85 and a 200-day moving average price of $36.81.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Versum Materials had a net margin of 17.91% and a negative return on equity of 261.88%. The company had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $265.64 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. Equities research analysts predict that Versum Materials Inc. will post $1.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were given a $0.05 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.20 annualized dividend and a yield of 0.52%.

About Versum Materials

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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