Insider Selling: West Pharmaceutical Services Insider Sells 7,555 Shares of Stock (WST)
West Pharmaceutical Services (NYSE:WST) Insider Heino Lennartz unloaded 7,555 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $39.65, for a total value of $299,555.75. Following the transaction, the insider now directly owns 20,974 shares of the company’s stock, valued at approximately $831,619. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of West Pharmaceutical Services in a research note on Tuesday, August 5th. They now have a $45.00 price target on the stock, down previously from $47.00.
West Pharmaceutical Services (NYSE:WST) opened at 42.02 on Monday. West Pharmaceutical Services has a one year low of $36.77 and a one year high of $51.12. The stock’s 50-day moving average is $41. and its 200-day moving average is $43.44. The company has a market cap of $2.974 billion and a price-to-earnings ratio of 26.23.
West Pharmaceutical Services (NYSE:WST) last released its earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.05. The company had revenue of $368.90 million for the quarter, compared to the consensus estimate of $368.60 million. During the same quarter last year, the company posted $0.86 earnings per share. West Pharmaceutical Services’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that West Pharmaceutical Services will post $1.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.05%.
West Pharmaceutical Services, Inc (NYSE:WST) 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.
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