Irving Magee Investment Management Lowers stake in West Pharmaceutical Services (WST)

West Pharmaceutical Services (WST) : Irving Magee Investment Management reduced its stake in West Pharmaceutical Services by 0.28% during the most recent quarter end. The investment management company now holds a total of 70,142 shares of West Pharmaceutical Services which is valued at $5 Million after selling 195 shares in West Pharmaceutical Services , the firm said in a disclosure report filed with the SEC on May 11, 2016.West Pharmaceutical Services makes up approximately 2.61% of Irving Magee Investment Management’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in WST in the latest quarter, The investment management firm added 2,197 additional shares and now holds a total of 8,875 shares of West Pharmaceutical Services which is valued at $635,983.Bahl Gaynor Inc reduced its stake in WST by selling 144 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 37,544 shares of WST which is valued at $2.7 Million. West Pharmaceutical Services makes up approx 0.04% of Bahl Gaynor Inc’s portfolio.New York State Common Retirement Fund boosted its stake in WST in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 71,200 shares of West Pharmaceutical Services which is valued at $5 Million. West Pharmaceutical Services makes up approx 0.01% of New York State Common Retirement Fund’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.State Treasurer State Of Michigan boosted its stake in WST in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 28,900 shares of West Pharmaceutical Services which is valued at $2 Million. West Pharmaceutical Services makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.

West Pharmaceutical Services opened for trading at $71.57 and hit $73.56 on the upside on Monday, eventually ending the session at $73.24, with a gain of 2.20% or 1.58 points. The heightened volatility saw the trading volume jump to 5,17,554 shares. Company has a market cap of $5,352 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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