Aureus Asset Management LLC Continues to Hold Holdings in Neogen Corporation (NEOG)
Aureus Asset Management LLC continued to hold its position in shares of Neogen Corporation (NASDAQ:NEOG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,468 shares of the company’s stock at the close of the 2nd quarter. Aureus Asset Management LLC’s holdings in Neogen Corporation were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of NEOG. BlackRock Inc. boosted its position in Neogen Corporation by 149,314.6% during the 1st quarter. BlackRock Inc. now owns 4,466,002 shares of the company’s stock valued at $292,745,000 after acquiring an additional 4,463,013 shares in the last quarter. Vanguard Group Inc. boosted its position in Neogen Corporation by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock valued at $213,527,000 after acquiring an additional 176,056 shares in the last quarter. Royce & Associates LP boosted its position in Neogen Corporation by 286.0% during the 1st quarter. Royce & Associates LP now owns 151,300 shares of the company’s stock valued at $9,918,000 after acquiring an additional 112,100 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Neogen Corporation by 2,910.7% during the 1st quarter. OppenheimerFunds Inc. now owns 96,885 shares of the company’s stock valued at $6,351,000 after acquiring an additional 93,667 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Neogen Corporation by 32.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 372,276 shares of the company’s stock valued at $25,728,000 after acquiring an additional 91,390 shares in the last quarter. 86.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Edward Bradley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $66.33, for a total transaction of $331,650.00. Following the transaction, the vice president now directly owns 86,512 shares in the company, valued at $5,738,340.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. Over the last quarter, insiders have sold 74,981 shares of company stock worth $5,279,208. Insiders own 4.20% of the company’s stock.
Neogen Corporation (NEOG) traded down 0.97% during trading on Thursday, hitting $76.48. 25,162 shares of the stock traded hands. The firm has a 50-day moving average price of $68.09 and a 200 day moving average price of $65.57. Neogen Corporation has a 12 month low of $50.53 and a 12 month high of $77.33. The firm has a market cap of $2.92 billion, a PE ratio of 64.27 and a beta of 1.51.
Neogen Corporation (NASDAQ:NEOG) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Neogen Corporation had a net margin of 12.28% and a return on equity of 9.93%. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $94.87 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts forecast that Neogen Corporation will post $1.31 EPS for the current fiscal year.
Several research firms have recently issued reports on NEOG. Zacks Investment Research lowered shares of Neogen Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. BidaskClub upgraded shares of Neogen Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, CL King began coverage on shares of Neogen Corporation in a report on Friday, July 14th. They set a “neutral” rating for the company.
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Neogen Corporation Company Profile
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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