Neogen Corp. (NEOG) VP Terri A. Morrical Sells 9,600 Shares
Neogen Corp. (NASDAQ:NEOG) VP Terri A. Morrical sold 9,600 shares of Neogen Corp. stock in a transaction that occurred on Thursday, September 29th. The stock was 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 directly owns 44,384 shares in the company, valued at $2,402,949.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Neogen Corp. (NASDAQ:NEOG) opened at 55.94 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 57.08 and a beta of 1.28. The company has a 50-day moving average price of $57.76 and a 200 day moving average price of $53.03. Neogen Corp. has a 52 week low of $43.79 and a 52 week high of $61.24.
Neogen Corp. (NASDAQ:NEOG) last issued its quarterly earnings data on Tuesday, September 27th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm earned $83.65 million during the quarter. Neogen Corp. had a return on equity of 9.36% and a net margin of 11.25%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Analysts expect that Neogen Corp. will post $1.12 EPS for the current fiscal year.
A number of analysts have recently issued reports on NEOG shares. Zacks Investment Research upgraded Neogen Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Craig Hallum upgraded Neogen Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.25.
A number of hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. raised its stake in shares of Neogen Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,760 shares of the company’s stock worth $267,000 after buying an additional 185 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Neogen Corp. by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 19,125 shares of the company’s stock worth $1,076,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Neogen Corp. by 1.0% in the second quarter. Arizona State Retirement System now owns 19,441 shares of the company’s stock worth $1,094,000 after buying an additional 200 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Neogen Corp. by 6.4% in the second quarter. FDx Advisors Inc. now owns 5,188 shares of the company’s stock worth $292,000 after buying an additional 313 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of Neogen Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 17,483 shares of the company’s stock worth $983,000 after buying an additional 346 shares in the last quarter. 86.79% of the stock is owned by hedge funds and other institutional investors.
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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