Neogen Corp. (NEOG) Position Maintained by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado maintained its stake in Neogen Corp. (NASDAQ:NEOG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 252,912 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 0.67% of Neogen Corp. worth $14,226,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NEOG. BlackRock Inc. increased its stake in shares of Neogen Corp. by 126.9% in the first quarter. BlackRock Inc. now owns 2,512 shares of the company’s stock worth $126,000 after buying an additional 1,405 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Neogen Corp. during the second quarter worth about $219,000. Bank of Montreal Can bought a new stake in shares of Neogen Corp. during the second quarter worth about $575,000. Menta Capital LLC bought a new stake in shares of Neogen Corp. during the first quarter worth about $516,000. Finally, Norris Perne & French LLP MI increased its stake in shares of Neogen Corp. by 6.0% in the second quarter. Norris Perne & French LLP MI now owns 11,237 shares of the company’s stock worth $632,000 after buying an additional 637 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
Neogen Corp. (NASDAQ:NEOG) traded down 0.20% during trading on Wednesday, hitting $54.04. 29,822 shares of the company were exchanged. The firm’s 50 day moving average price is $57.46 and its 200-day moving average price is $53.34. The stock has a market capitalization of $2.04 billion, a PE ratio of 55.14 and a beta of 1.41. Neogen Corp. has a 1-year low of $43.79 and a 1-year high of $61.24.
Neogen Corp. (NASDAQ:NEOG) last released its quarterly earnings data on Tuesday, September 27th. The company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. Neogen Corp. had a net margin of 11.25% and a return on equity of 9.36%. The company earned $83.65 million during the quarter. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Neogen Corp. will post $1.12 EPS for the current year.
A number of analysts have recently issued reports on NEOG shares. Craig Hallum downgraded shares of Neogen Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Zacks Investment Research downgraded shares of Neogen Corp. from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. One investment 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 presently has a consensus rating of “Hold” and an average target price of $58.25.
In other Neogen Corp. news, CEO James L. Herbert sold 24,070 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $55.41, for a total value of $1,333,718.70. Following the completion of the transaction, the chief executive officer now directly owns 900,539 shares in the company, valued at $49,898,865.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edward Bradley sold 20,196 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $55.60, for a total transaction of $1,122,897.60. Following the completion of the transaction, the vice president now owns 126,730 shares of the company’s stock, valued at $7,046,188. The disclosure for this sale can be found here. 4.70% of the stock is currently 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.
Receive News & Stock Ratings for Neogen Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neogen Corp. and related stocks with our FREE daily email newsletter.