Vanguard Group Inc. increased its stake in West Pharmaceutical Services (NYSE: WST) by 4.2% in Q3, purchasing 388,144 shares and now owning 13.49% of the company, valued at approximately $2.546 billion. West Pharmaceutical Services reported strong quarterly earnings, beating analyst estimates with $2.04 EPS and $805 million in revenue, and announced a $1 billion share buyback program and a quarterly dividend. The company maintains a “Buy” rating from analysts with an average target price of $314.56.
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Vanguard Group Inc. Buys 388,144 Shares of West Pharmaceutical Services, Inc. $WST
Vanguard Group Inc. increased its stake in West Pharmaceutical Services (NYSE: WST) by 4.2% in Q3, purchasing 388,144 shares and now owning 13.49% of the company, valued at approximately $2.546 billion. West Pharmaceutical Services reported strong quarterly earnings, beating analyst estimates with $2.04 EPS and $805 million in revenue, and announced a $1 billion share buyback program and a quarterly dividend. The company maintains a “Buy” rating from analysts with an average target price of $314.56.