Tobam Grows Position in West Pharmaceutical Services, Inc. (NYSE:WST)

Tobam grew its stake in shares of West Pharmaceutical Services, Inc. (NYSE:WSTFree Report) by 189.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,700 shares of the medical instruments supplier’s stock after acquiring an additional 2,423 shares during the period. Tobam’s holdings in West Pharmaceutical Services were worth $1,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pitcairn Co. increased its position in West Pharmaceutical Services by 3.4% during the first quarter. Pitcairn Co. now owns 875 shares of the medical instruments supplier’s stock worth $346,000 after buying an additional 29 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of West Pharmaceutical Services by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,495 shares of the medical instruments supplier’s stock worth $1,779,000 after purchasing an additional 31 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of West Pharmaceutical Services by 2.3% during the first quarter. RFG Advisory LLC now owns 1,465 shares of the medical instruments supplier’s stock worth $580,000 after buying an additional 33 shares in the last quarter. Ballentine Partners LLC raised its position in shares of West Pharmaceutical Services by 4.7% in the second quarter. Ballentine Partners LLC now owns 742 shares of the medical instruments supplier’s stock valued at $244,000 after buying an additional 33 shares during the last quarter. Finally, Wallace Advisory Group LLC lifted its stake in shares of West Pharmaceutical Services by 4.5% during the first quarter. Wallace Advisory Group LLC now owns 957 shares of the medical instruments supplier’s stock valued at $379,000 after buying an additional 41 shares during the period. 93.90% of the stock is owned by institutional investors and hedge funds.

West Pharmaceutical Services Trading Up 0.8 %

WST traded up $2.16 during trading on Thursday, hitting $288.68. The company’s stock had a trading volume of 169,156 shares, compared to its average volume of 538,096. West Pharmaceutical Services, Inc. has a twelve month low of $265.00 and a twelve month high of $413.70. The stock has a market cap of $20.94 billion, a PE ratio of 37.80, a PEG ratio of 10.57 and a beta of 1.01. The firm’s 50 day moving average price is $300.79 and its 200-day moving average price is $329.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.34 and a quick ratio of 1.68.

West Pharmaceutical Services (NYSE:WSTGet Free Report) last issued its earnings results on Thursday, July 25th. The medical instruments supplier reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.22). The firm had revenue of $702.10 million during the quarter, compared to analysts’ expectations of $729.36 million. West Pharmaceutical Services had a return on equity of 19.17% and a net margin of 18.25%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business posted $2.11 earnings per share. On average, analysts expect that West Pharmaceutical Services, Inc. will post 6.42 earnings per share for the current year.

Insider Activity at West Pharmaceutical Services

In other news, VP Charles Witherspoon sold 1,029 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $300.00, for a total transaction of $308,700.00. Following the transaction, the vice president now directly owns 1,478 shares of the company’s stock, valued at approximately $443,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

About West Pharmaceutical Services

(Free Report)

West Pharmaceutical Services, Inc designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Proprietary Products and Contract-Manufactured Products.

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Institutional Ownership by Quarter for West Pharmaceutical Services (NYSE:WST)

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