Denver Investment Advisors buys $25 Million stake in West Pharmaceutical Services (WST)

West Pharmaceutical Services (WST) : Denver Investment Advisors scooped up 2,238 additional shares in West Pharmaceutical Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 348,818 shares of West Pharmaceutical Services which is valued at $25 Million.West Pharmaceutical Services makes up approximately 1.12% of Denver Investment Advisors’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc reduced its stake in WST by selling 166,819 shares or 93.75% in the most recent quarter. The Hedge Fund company now holds 11,121 shares of WST which is valued at $796,931. Financial Counselors Inc added WST to its portfolio by purchasing 8,698 company shares during the most recent quarter which is valued at $623,299. West Pharmaceutical Services makes up approx 0.04% of Financial Counselors Inc’s portfolio.Teachers Advisors Inc boosted its stake in WST in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 104,680 shares of West Pharmaceutical Services which is valued at $7.4 Million. West Pharmaceutical Services makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in WST in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 24,110 shares of West Pharmaceutical Services which is valued at $1.7 Million. West Pharmaceutical Services makes up approx 0.11% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in WST by selling 297 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 305,738 shares of WST which is valued at $21.8 Million. West Pharmaceutical Services makes up approx 0.18% of Public Employees Retirement Association Of Colorado’s portfolio.

West Pharmaceutical Services opened for trading at $71.63 and hit $72.8 on the upside on Friday, eventually ending the session at $72.73, with a gain of 2.06% or 1.47 points. The heightened volatility saw the trading volume jump to 5,90,052 shares. Company has a market cap of $5,315 M.

On the company’s financial health, West Pharmaceutical Services reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.51. The company had revenue of $362.10 million for the quarter, compared to analysts expectations of $356.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on West Pharmaceutical Services. West Pharmaceutical Services was Initiated by Wells Fargo to “Outperform” on Mar 22, 2016.

West Pharmaceutical Services Inc. is a manufacturer of components and systems for the packaging and delivery of injectable drugs as well as delivery system components for the pharmaceutical healthcare and consumer products industries. The Company’s products include stoppers and seals for vials prefillable syringe components and systems components for intravenous and blood collection systems safety and administration systems advanced injection systems and contract design and manufacturing services. The Company’s customers include producers of pharmaceuticals biologics medical devices and personal care products. The Company’s reportable segments include Pharmaceutical Packaging Systems segment (Packaging Systems) and the Pharmaceutical Delivery Systems segment (Delivery Systems).

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