West Pharmaceutical Services, Inc. (WST) Holdings Lifted by Hermes Investment Management Ltd.

Hermes Investment Management Ltd. boosted its holdings in West Pharmaceutical Services, Inc. (NYSE:WST) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 908,655 shares of the medical instruments supplier’s stock after buying an additional 28,955 shares during the period. West Pharmaceutical Services makes up about 1.3% of Hermes Investment Management Ltd.’s investment portfolio, making the stock its 11th largest position. Hermes Investment Management Ltd. owned about 1.23% of West Pharmaceutical Services worth $87,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WST. Acrospire Investment Management LLC bought a new stake in shares of West Pharmaceutical Services during the second quarter valued at approximately $113,000. Citigroup Inc. increased its position in shares of West Pharmaceutical Services by 95.1% during the second quarter. Citigroup Inc. now owns 1,569 shares of the medical instruments supplier’s stock valued at $148,000 after purchasing an additional 765 shares during the period. Wolverine Trading LLC bought a new stake in shares of West Pharmaceutical Services during the second quarter valued at approximately $200,000. Nomura Holdings Inc. bought a new stake in shares of West Pharmaceutical Services during the second quarter valued at approximately $201,000. Finally, Bradley Foster & Sargent Inc. CT bought a new stake in shares of West Pharmaceutical Services during the second quarter valued at approximately $212,000. 90.70% of the stock is currently owned by institutional investors.

West Pharmaceutical Services, Inc. (NYSE:WST) traded up 1.69% during mid-day trading on Friday, hitting $93.84. The stock had a trading volume of 327,015 shares. The stock’s 50 day moving average price is $93.42 and its 200 day moving average price is $91.55. West Pharmaceutical Services, Inc. has a one year low of $70.17 and a one year high of $99.91. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 40.27 and a beta of 1.12.

West Pharmaceutical Services (NYSE:WST) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. West Pharmaceutical Services had a return on equity of 14.02% and a net margin of 11.42%. The firm had revenue of $397.60 million for the quarter, compared to analyst estimates of $406.00 million. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Analysts forecast that West Pharmaceutical Services, Inc. will post $2.67 EPS for the current year.

A number of analysts have recently issued reports on WST shares. Jefferies Group LLC upgraded West Pharmaceutical Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $96.00 to $115.00 in a research report on Friday, September 15th. Stephens started coverage on West Pharmaceutical Services in a research report on Tuesday, October 3rd. They set an “equal weight” rating and a $99.00 price objective on the stock. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub cut West Pharmaceutical Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Bank of America Corporation cut West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $104.00.

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About West Pharmaceutical Services

West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.

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

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