California State Teachers Retirement System Grows Stock Holdings in West Pharmaceutical Services Inc. (NYSE:WST)

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California State Teachers Retirement System lifted its position in shares of West Pharmaceutical Services Inc. (NYSE:WST) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,521 shares of the medical instruments supplier’s stock after purchasing an additional 1,178 shares during the period. California State Teachers Retirement System owned about 0.16% of West Pharmaceutical Services worth $16,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in shares of West Pharmaceutical Services during the 2nd quarter worth $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of West Pharmaceutical Services during the 2nd quarter worth $40,000. Advisory Services Network LLC lifted its position in shares of West Pharmaceutical Services by 84.5% during the 2nd quarter. Advisory Services Network LLC now owns 393 shares of the medical instruments supplier’s stock worth $49,000 after purchasing an additional 180 shares during the last quarter. FMR LLC lifted its position in shares of West Pharmaceutical Services by 41.3% during the 1st quarter. FMR LLC now owns 794 shares of the medical instruments supplier’s stock worth $88,000 after purchasing an additional 232 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in shares of West Pharmaceutical Services during the 3rd quarter worth $113,000. 90.21% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WST opened at $149.43 on Tuesday. The company’s fifty day moving average price is $145.39 and its 200 day moving average price is $135.43. West Pharmaceutical Services Inc. has a 12 month low of $91.75 and a 12 month high of $152.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.00 and a quick ratio of 2.31. The firm has a market capitalization of $10.88 billion, a P/E ratio of 53.18, a P/E/G ratio of 3.34 and a beta of 1.24.

West Pharmaceutical Services (NYSE:WST) last announced its quarterly earnings results on Thursday, October 24th. The medical instruments supplier reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. West Pharmaceutical Services had a net margin of 12.82% and a return on equity of 16.66%. The firm had revenue of $456.10 million for the quarter, compared to analyst estimates of $450.03 million. During the same period last year, the business earned $0.76 EPS. West Pharmaceutical Services’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that West Pharmaceutical Services Inc. will post 3.14 EPS for the current year.

Several research firms have recently issued reports on WST. ValuEngine cut shares of West Pharmaceutical Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of West Pharmaceutical Services from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Sunday, November 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $131.39.

West Pharmaceutical Services Profile

West Pharmaceutical Services, Inc manufactures and sells containment and delivery systems for injectable drugs and healthcare products in the United States, Germany, France, Other European countries, South Korea, and internationally. The company operates through two segments, Proprietary Products and Contract-Manufactured Products.

See Also: What is Green Investing?

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

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