Public Employees Retirement Association of Colorado maintained its position in shares of Neogen Corp. (NASDAQ:NEOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,912 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Neogen Corp. were worth $14,226,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in 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 period. Loomis Sayles & Co. L P increased its position in 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 period. Geode Capital Management LLC increased its position in 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 period. Strs Ohio increased its position in Neogen Corp. by 1,827.6% in the second quarter. Strs Ohio now owns 111,800 shares of the company’s stock valued at $6,288,000 after buying an additional 106,000 shares during the period. Finally, Prudential Financial Inc. increased its position in Neogen Corp. by 3.3% in the first quarter. Prudential Financial Inc. now owns 89,795 shares of the company’s stock valued at $4,521,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.
Shares of Neogen Corp. (NASDAQ:NEOG) traded down 0.20% during trading on Wednesday, reaching $54.04. 29,822 shares of the company traded hands. The stock’s 50 day moving average is $57.46 and its 200 day moving average is $53.34. Neogen Corp. has a 1-year low of $43.79 and a 1-year high of $61.24. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 55.14 and a beta of 1.41.
Neogen Corp. (NASDAQ:NEOG) last announced its earnings results on Tuesday, September 27th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Neogen Corp. had a return on equity of 9.36% and a net margin of 11.25%. The company earned $83.65 million during the quarter. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Neogen Corp. will post $1.12 EPS for the current year.
Several equities analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Neogen Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research downgraded shares of Neogen Corp. from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.25.
In other news, COO Richard E. Calk, Jr. sold 5,425 shares of Neogen Corp. stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $57.47, for a total value of $311,774.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terri A. Morrical sold 9,600 shares of Neogen Corp. stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $54.14, for a total value of $519,744.00. Following the completion of the transaction, the vice president now owns 44,384 shares of the company’s stock, valued at approximately $2,402,949.76. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.
Neogen Corp. Company Profile
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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