GW&K Investment Management LLC decreased its stake in shares of Neogen Co. (NASDAQ:NEOG) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,035 shares of the company’s stock after selling 19,551 shares during the quarter. GW&K Investment Management LLC’s holdings in Neogen were worth $11,101,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its position in Neogen by 91.4% during the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the company’s stock worth $159,000 after buying an additional 1,097 shares in the last quarter. Bell Bank purchased a new position in Neogen during the third quarter worth approximately $201,000. Parametrica Management Ltd purchased a new stake in Neogen in the third quarter valued at $202,000. Arcadia Investment Management Corp MI purchased a new stake in Neogen in the third quarter valued at $230,000. Finally, Shelton Capital Management purchased a new stake in Neogen in the second quarter valued at $261,000. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Shares of Neogen Co. (NASDAQ:NEOG) opened at $58.91 on Monday. Neogen Co. has a 1 year low of $44.63 and a 1 year high of $64.42. The company has a market capitalization of $3,035.22, a price-to-earnings ratio of 58.62, a price-to-earnings-growth ratio of 3.71 and a beta of 1.54.

Neogen (NASDAQ:NEOG) last posted its earnings results on Wednesday, January 3rd. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. Neogen had a return on equity of 10.72% and a net margin of 13.47%. The company had revenue of $101.80 million for the quarter, compared to the consensus estimate of $102.46 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts forecast that Neogen Co. will post 1.07 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. BidaskClub downgraded Neogen from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stephens restated a “hold” rating and issued a $62.00 target price on shares of Neogen in a research report on Wednesday, January 10th. Zacks Investment Research downgraded Neogen from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Craig Hallum lifted their target price on Neogen from $46.50 to $60.00 and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, Roth Capital assumed coverage on Neogen in a research report on Tuesday, December 5th. They issued a “neutral” rating and a $61.50 target price on the stock. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $63.25.

In related news, insider James L. Herbert sold 26,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $81.45, for a total value of $2,117,700.00. Following the sale, the insider now owns 879,430 shares in the company, valued at approximately $71,629,573.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Edward Bradley sold 17,824 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $80.32, for a total value of $1,431,623.68. Following the completion of the sale, the vice president now owns 27,212 shares in the company, valued at approximately $2,185,667.84. The disclosure for this sale can be found here. Insiders sold a total of 47,824 shares of company stock worth $3,870,364 in the last quarter. Company insiders own 4.20% of the company’s stock.

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

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