Huntington National Bank continued to hold its stake in shares of Neogen Corp. (NASDAQ:NEOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,852 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Neogen Corp. were worth $133,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its stake in shares of Neogen Corp. by 91.5% in the first quarter. Loomis Sayles & Co. L P now owns 413,041 shares of the company’s stock valued at $20,797,000 after buying an additional 197,383 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Neogen Corp. during the first quarter valued at about $1,818,000. State Street Corp raised its stake in shares of Neogen Corp. by 3.2% in the first quarter. State Street Corp now owns 759,676 shares of the company’s stock valued at $38,252,000 after buying an additional 23,679 shares during the last quarter. Huntington Asset Advisors Inc. purchased a new stake in shares of Neogen Corp. during the first quarter valued at about $1,142,000. Finally, Geode Capital Management LLC raised its stake in shares of Neogen Corp. by 5.6% in the first quarter. Geode Capital Management LLC now owns 257,398 shares of the company’s stock valued at $12,959,000 after buying an additional 13,715 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.
Shares of Neogen Corp. (NASDAQ:NEOG) traded up 0.02% during trading on Friday, hitting $55.15. The stock had a trading volume of 205,607 shares. The stock’s 50-day moving average price is $57.59 and its 200 day moving average price is $53.19. Neogen Corp. has a 1-year low of $43.79 and a 1-year high of $61.24. The firm has a market capitalization of $2.08 billion, a P/E ratio of 56.28 and a beta of 1.41.
Neogen Corp. (NASDAQ:NEOG) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $83.65 million for the quarter. Neogen Corp. had a return on equity of 9.36% and a net margin of 11.25%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. On average, analysts anticipate that Neogen Corp. will post $1.12 earnings per share for the current year.
Several analysts have issued reports on NEOG shares. Zacks Investment Research lowered Neogen Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 30th. Craig Hallum lowered Neogen Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.25.
In other Neogen Corp. news, VP Terri A. Morrical sold 9,600 shares of the stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $54.14, for a total transaction of $519,744.00. Following the sale, the vice president now directly owns 44,384 shares in the company, valued at approximately $2,402,949.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven J. Quinlan sold 3,000 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $55.15, for a total value of $165,450.00. Following the sale, the chief financial officer now owns 13,103 shares in the company, valued at $722,630.45. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.
About Neogen Corp.
Neogen Corporation develops, manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development, production and marketing of 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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