Neogen Corporation (NASDAQ:NEOG) Director Ronald D. Green sold 4,333 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $68.49, for a total value of $296,767.17. Following the transaction, the director now directly owns 3,333 shares in the company, valued at $228,277.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Neogen Corporation (NASDAQ NEOG) traded down 0.258% during midday trading on Thursday, hitting $67.595. The stock had a trading volume of 4,876 shares. The firm has a 50-day moving average of $67.25 and a 200 day moving average of $64.91. Neogen Corporation has a 12-month low of $50.53 and a 12-month high of $69.97. The firm has a market cap of $2.58 billion, a PE ratio of 59.294 and a beta of 1.52.
Neogen Corporation (NASDAQ:NEOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $0.32 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 company had revenue of $98.80 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter last year, the company earned $0.26 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts expect that Neogen Corporation will post $1.30 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in Neogen Corporation by 0.8% in the first quarter. LS Investment Advisors LLC now owns 42,137 shares of the company’s stock worth $2,762,000 after buying an additional 355 shares in the last quarter. Comerica Bank boosted its stake in Neogen Corporation by 5.2% in the first quarter. Comerica Bank now owns 45,419 shares of the company’s stock worth $2,893,000 after buying an additional 2,249 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Neogen Corporation by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,959 shares of the company’s stock worth $522,000 after buying an additional 926 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Neogen Corporation by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 528,147 shares of the company’s stock worth $34,619,000 after buying an additional 8,880 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Neogen Corporation by 78.2% in the first quarter. First Trust Advisors LP now owns 14,884 shares of the company’s stock worth $976,000 after buying an additional 6,530 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. BidaskClub raised Neogen Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Neogen Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, CL King assumed coverage on Neogen Corporation in a research report on Friday, July 14th. They set a “neutral” rating on the stock.
About Neogen Corporation
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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