U.S. Silica Holdings, Inc. (SLCA) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in U.S. Silica Holdings, Inc. (NYSE:SLCA) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,191,404 shares of the mining company’s stock after acquiring an additional 114,029 shares during the period. Vanguard Group Inc. owned about 8.85% of U.S. Silica Holdings worth $255,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of U.S. Silica Holdings by 3.0% in the second quarter. BlackRock Inc. now owns 9,350,646 shares of the mining company’s stock valued at $331,854,000 after acquiring an additional 274,356 shares in the last quarter. State Street Corp lifted its position in shares of U.S. Silica Holdings by 6.9% in the first quarter. State Street Corp now owns 1,966,345 shares of the mining company’s stock valued at $94,369,000 after acquiring an additional 126,589 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of U.S. Silica Holdings by 111.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock valued at $63,069,000 after acquiring an additional 935,430 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of U.S. Silica Holdings by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 1,320,366 shares of the mining company’s stock valued at $46,860,000 after acquiring an additional 94,769 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of U.S. Silica Holdings by 22.0% in the second quarter. Van ECK Associates Corp now owns 1,168,257 shares of the mining company’s stock valued at $41,461,000 after acquiring an additional 210,859 shares in the last quarter.

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U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The business had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same period last year, the company posted ($0.17) EPS. The business’s revenue was up 148.3% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.85%. This is a positive change from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 14th. U.S. Silica Holdings’s dividend payout ratio (DPR) is 192.31%.

SLCA has been the topic of a number of research analyst reports. BidaskClub upgraded U.S. Silica Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Royal Bank Of Canada set a $60.00 target price on U.S. Silica Holdings and gave the stock a “buy” rating in a research report on Saturday, July 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $42.00 target price (down from $65.00) on shares of U.S. Silica Holdings in a research report on Thursday, July 20th. Janney Montgomery Scott initiated coverage on U.S. Silica Holdings in a research report on Thursday, June 15th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 target price on shares of U.S. Silica Holdings in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $49.66.

U.S. Silica Holdings Company Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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Institutional Ownership by Quarter for U.S. Silica Holdings (NYSE:SLCA)

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