Mutual of America Capital Management LLC lessened its holdings in shares of West Pharmaceutical Services Inc. (NYSE:WST) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 60,939 shares of the medical instruments supplier’s stock after selling 706 shares during the quarter. Mutual of America Capital Management LLC’s holdings in West Pharmaceutical Services were worth $6,013,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of West Pharmaceutical Services by 95.1% during the 2nd quarter. Citigroup Inc. now owns 1,569 shares of the medical instruments supplier’s stock worth $148,000 after purchasing an additional 765 shares during the period. Grandfield & Dodd LLC purchased a new position in shares of West Pharmaceutical Services during the 3rd quarter worth $201,000. Nomura Holdings Inc. purchased a new position in shares of West Pharmaceutical Services during the 2nd quarter worth $201,000. Private Advisor Group LLC purchased a new position in shares of West Pharmaceutical Services during the 3rd quarter worth $202,000. Finally, Stephens Inc. AR purchased a new position in shares of West Pharmaceutical Services during the 3rd quarter worth $210,000. 93.09% of the stock is currently owned by institutional investors.
In other news, CFO William J. Federici sold 21,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $99.01, for a total transaction of $2,079,210.00. Following the completion of the sale, the chief financial officer now directly owns 190,493 shares in the company, valued at approximately $18,860,711.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
Shares of West Pharmaceutical Services Inc. (WST) opened at $98.81 on Friday. The company has a market capitalization of $7,340.00, a price-to-earnings ratio of 39.37, a PEG ratio of 2.13 and a beta of 1.04. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.15. West Pharmaceutical Services Inc. has a twelve month low of $77.97 and a twelve month high of $103.36.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Thursday, January 18th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.57%. West Pharmaceutical Services’s payout ratio is 22.31%.
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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.
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