West Pharmaceutical Services CFO Unloads $1,632,857 in Stock (WST)
West Pharmaceutical Services (NYSE:WST) CFO William J. Federici unloaded 38,366 shares of West Pharmaceutical Services stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $42.56, for a total value of $1,632,856.96. Following the sale, the chief financial officer now directly owns 205,460 shares in the company, valued at approximately $8,744,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.
Shares of West Pharmaceutical Services (NYSE:WST) traded up 1.66% during mid-day trading on Tuesday, hitting $43.45. The stock had a trading volume of 390,710 shares. West Pharmaceutical Services has a 52 week low of $36.77 and a 52 week high of $51.12. The stock’s 50-day moving average is $41.20 and its 200-day moving average is $43.34. The company has a market cap of $3.075 billion and a P/E ratio of 27.02.
West Pharmaceutical Services (NYSE:WST) last issued its quarterly 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. Analysts expect that West Pharmaceutical Services will post $1.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 5th. Investors 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 1.01%.
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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