Schwab Charles Investment Management Inc. increased its position in Neogen Corporation (NASDAQ:NEOG) by 5.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 154,157 shares of the company’s stock after buying an additional 8,184 shares during the period. Schwab Charles Investment Management Inc. owned 0.40% of Neogen Corporation worth $10,105,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Neogen Corporation by 149,314.6% in the first quarter. BlackRock Inc. now owns 4,466,002 shares of the company’s stock valued at $292,745,000 after buying an additional 4,463,013 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Neogen Corporation by 5.3% in the first quarter. Renaissance Technologies LLC now owns 171,100 shares of the company’s stock valued at $11,216,000 after buying an additional 8,600 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Neogen Corporation during the first quarter valued at $329,000. Geode Capital Management LLC boosted its stake in shares of Neogen Corporation by 10.3% in the first quarter. Geode Capital Management LLC now owns 313,480 shares of the company’s stock valued at $20,548,000 after buying an additional 29,245 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Neogen Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock valued at $213,527,000 after buying an additional 176,056 shares during the period. Institutional investors own 85.54% of the company’s stock.

Neogen Corporation (NASDAQ NEOG) traded down 0.12% during trading on Friday, reaching $65.20. 83,388 shares of the company’s stock traded hands. Neogen Corporation has a 52-week low of $50.53 and a 52-week high of $69.97. The company’s 50 day moving average is $66.83 and its 200-day moving average is $65.01. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 57.19 and a beta of 1.52.

Neogen Corporation (NASDAQ:NEOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $98.80 million for the quarter, compared to the consensus estimate of $100.80 million. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, analysts anticipate that Neogen Corporation will post $1.30 earnings per share for the current fiscal year.

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Several analysts have weighed in on NEOG shares. Zacks Investment Research cut shares of Neogen Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. BidaskClub upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, CL King started coverage on shares of Neogen Corporation in a research note on Friday, July 14th. They issued a “neutral” rating for the company.

In other Neogen Corporation news, VP Edward Bradley sold 5,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $68.72, for a total transaction of $343,600.00. Following the transaction, the vice president now directly owns 91,512 shares in the company, valued at $6,288,704.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Steven J. Quinlan sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $68.68, for a total transaction of $274,720.00. Following the transaction, the vice president now owns 14,103 shares in the company, valued at $968,594.04. The disclosure for this sale can be found here. Insiders sold 18,333 shares of company stock worth $1,246,737 over the last ninety days. 4.70% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Neogen Corporation (NASDAQ:NEOG)

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