Tower Research Capital LLC TRC Lowers Holdings in Versum Materials Inc (NYSE:VSM)

Tower Research Capital LLC TRC trimmed its position in Versum Materials Inc (NYSE:VSM) by 48.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,946 shares of the basic materials company’s stock after selling 9,253 shares during the period. Tower Research Capital LLC TRC’s holdings in Versum Materials were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Cutler Group LP purchased a new position in Versum Materials in the 2nd quarter valued at $103,000. Tokio Marine Asset Management Co. Ltd. grew its position in Versum Materials by 108.6% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 58,219 shares of the basic materials company’s stock valued at $3,003,000 after buying an additional 30,306 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in Versum Materials by 70.3% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 222,816 shares of the basic materials company’s stock valued at $11,442,000 after buying an additional 91,976 shares during the last quarter. Natixis boosted its position in shares of Versum Materials by 600.9% during the 2nd quarter. Natixis now owns 2,243,714 shares of the basic materials company’s stock worth $115,731,000 after purchasing an additional 1,923,595 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Versum Materials during the 1st quarter worth $273,000. Hedge funds and other institutional investors own 92.84% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.50.



Shares of NYSE VSM traded up $0.14 during trading on Wednesday, hitting $52.40. 922,392 shares of the company were exchanged, compared to its average volume of 713,411. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 22.30 and a beta of 1.65. Versum Materials Inc has a 1 year low of $25.02 and a 1 year high of $52.58. The firm’s fifty day moving average price is $51.99 and its 200 day moving average price is $51.37. The company has a debt-to-equity ratio of 4.77, a current ratio of 4.33 and a quick ratio of 3.12.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.08 per share. The ex-dividend date was Monday, August 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. Versum Materials’s payout ratio is currently 13.62%.

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: How can investors benefit from after-hours trading?

Want to see what other hedge funds are holding VSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Versum Materials Inc (NYSE:VSM).

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

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