Royal Bank of Canada grew its stake in West Co. (NASDAQ:WSTC) by 164.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,015 shares of the technology company’s stock after buying an additional 13,060 shares during the quarter. Royal Bank of Canada’s holdings in West were worth $489,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in WSTC. Teachers Advisors LLC boosted its holdings in shares of West by 3.4% in the first quarter. Teachers Advisors LLC now owns 75,606 shares of the technology company’s stock valued at $1,846,000 after buying an additional 2,458 shares during the period. California Public Employees Retirement System boosted its holdings in shares of West by 14.4% in the first quarter. California Public Employees Retirement System now owns 94,500 shares of the technology company’s stock valued at $2,308,000 after buying an additional 11,900 shares during the period. Vanguard Group Inc. boosted its holdings in shares of West by 10.6% in the first quarter. Vanguard Group Inc. now owns 5,671,163 shares of the technology company’s stock valued at $138,489,000 after buying an additional 544,296 shares during the period. Geode Capital Management LLC boosted its holdings in shares of West by 5.0% in the first quarter. Geode Capital Management LLC now owns 498,961 shares of the technology company’s stock valued at $12,184,000 after buying an additional 23,908 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of West by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,133 shares of the technology company’s stock valued at $33,141,000 after buying an additional 50,322 shares during the period. Institutional investors own 67.38% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “West Co. (WSTC) Shares Bought by Royal Bank of Canada” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/11/14/west-co-wstc-shares-bought-by-royal-bank-of-canada.html.
In related news, insider Rodney J. Kempkes sold 3,385 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $23.36, for a total transaction of $79,073.60. Following the completion of the transaction, the insider now owns 52,126 shares in the company, valued at $1,217,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.60% of the company’s stock.
West Co. (NASDAQ WSTC) opened at $23.50 on Tuesday. West Co. has a 1-year low of $19.64 and a 1-year high of $28.57. The company has a debt-to-equity ratio of -9.44, a current ratio of 1.51 and a quick ratio of 1.51.
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
Want to see what other hedge funds are holding WSTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Co. (NASDAQ:WSTC).
Receive News & Ratings for West Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Co. and related companies with MarketBeat.com's FREE daily email newsletter.