Should West Pharmaceutical Services Inc. (NYSE:WST) investors track the following data?
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Now that that’s out of the way, let’s study the latest info for West Pharmaceutical Services Inc. (NYSE:WST).
How have hedgies been trading West Pharmaceutical Services Inc. (NYSE:WST)?
In preparation for the third quarter, a total of 11 of the hedge funds we track were long in this stock, a change of -15% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully.
Since West Pharmaceutical Services Inc. (NYSE:WST) has faced bearish sentiment from upper-tier hedge fund managers, it’s safe to say that there exists a select few money managers that slashed their positions entirely last quarter. Interestingly, Peter Rathjens Bruce Clarke and John Campbell’s Arrowstreet Capital sold off the largest stake of the 450+ funds we monitor, comprising an estimated $5.8 million in stock, and Matthew Tewksbury of Stevens Capital Management was right behind this move, as the fund dumped about $0.9 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest was cut by 2 funds last quarter.
How are insiders trading West Pharmaceutical Services Inc. (NYSE:WST)?
Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the last half-year time period, West Pharmaceutical Services Inc. (NYSE:WST) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to West Pharmaceutical Services Inc. (NYSE:WST). These stocks are Teleflex Incorporated (NYSE:TFX), HeartWare International Inc (NASDAQ:HTWR), Hill-Rom Holdings, Inc. (NYSE:HRC), Haemonetics Corporation (NYSE:HAE), and Thoratec Corporation (NASDAQ:THOR). All of these stocks are in the medical instruments & supplies industry and their market caps match WST’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Teleflex Incorporated (NYSE:TFX) | 15 | 0 | 0 |
| HeartWare International Inc (NASDAQ:HTWR) | 15 | 0 | 0 |
| Hill-Rom Holdings, Inc. (NYSE:HRC) | 14 | 0 | 0 |
| Haemonetics Corporation (NYSE:HAE) | 14 | 0 | 0 |
| Thoratec Corporation (NASDAQ:THOR) | 24 | 0 | 0 |
Using the returns demonstrated by Insider Monkey’s research, average investors must always track hedge fund and insider trading sentiment, and West Pharmaceutical Services Inc. (NYSE:WST) is an important part of this process.
