Neogen Corporation (NEOG) Stake Held by Wesbanco Bank Inc.
Wesbanco Bank Inc. held its position in shares of Neogen Corporation (NASDAQ:NEOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the company’s stock at the end of the second quarter. Wesbanco Bank Inc. owned 0.06% of Neogen Corporation worth $1,590,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Neogen Corporation during the second quarter valued at about $154,000. Victory Capital Management Inc. increased its stake in shares of Neogen Corporation by 53.0% in the first quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock valued at $167,000 after buying an additional 881 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Neogen Corporation during the second quarter valued at $209,000. Creative Planning increased its stake in shares of Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after buying an additional 46 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Neogen Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the company’s stock valued at $275,000 after buying an additional 140 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.
Neogen Corporation (NEOG) opened at 68.45 on Thursday. The firm has a 50-day moving average price of $66.50 and a 200-day moving average price of $65.03. Neogen Corporation has a 12 month low of $50.53 and a 12 month high of $69.97. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 60.04 and a beta of 1.52.
Neogen Corporation (NASDAQ:NEOG) last issued its earnings results on Tuesday, July 18th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $100.80 million. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities analysts anticipate that Neogen Corporation will post $1.30 earnings per share for the current fiscal year.
Several analysts recently weighed in on NEOG shares. BidaskClub upgraded Neogen Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research raised Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, July 20th. Finally, CL King assumed coverage on Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating for the company.
In other news, Director James P. Tobin acquired 500 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of $64.64 per share, for a total transaction of $32,320.00. Following the completion of the transaction, the director now owns 3,200 shares of the company’s stock, valued at $206,848. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Edward Bradley sold 5,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $68.72, for a total transaction of $343,600.00. Following the completion of the transaction, the vice president now owns 91,512 shares in the company, valued at approximately $6,288,704.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,333 shares of company stock worth $1,246,737. 4.70% of the stock is owned by corporate 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.
Receive News & Stock Ratings for Neogen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neogen Corporation and related stocks with our FREE daily email newsletter.