Neogen Corporation (NASDAQ:NEOG) VP Steven J. Quinlan sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $68.68, for a total value of $274,720.00. Following the completion of the sale, the vice president now directly owns 14,103 shares of the company’s stock, valued at approximately $968,594.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Neogen Corporation (NEOG) traded down 0.258% during trading on Thursday, hitting $67.595. The company’s stock had a trading volume of 4,876 shares. The company has a market capitalization of $2.58 billion, a P/E ratio of 59.294 and a beta of 1.52. Neogen Corporation has a 1-year low of $50.53 and a 1-year high of $69.97. The firm’s 50 day moving average is $67.25 and its 200-day moving average is $64.91.
Neogen Corporation (NASDAQ:NEOG) last issued its earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%. The business had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the prior year, the firm posted $0.26 EPS. Neogen Corporation’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Neogen Corporation will post $1.30 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on NEOG shares. BidaskClub cut Neogen Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, July 20th. Finally, CL King began coverage on Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating for the company.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after buying an additional 46 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Neogen Corporation by 0.6% in the first quarter. 1st Global Advisors Inc. now owns 9,822 shares of the company’s stock worth $644,000 after buying an additional 54 shares during the period. Arizona State Retirement System raised its stake in shares of Neogen Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 19,841 shares of the company’s stock worth $1,371,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Neogen Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the company’s stock worth $275,000 after buying an additional 140 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Neogen Corporation by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 18,935 shares of the company’s stock worth $1,309,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.
Neogen Corporation Company Profile
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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