Wasatch Advisors Inc. purchased a new stake in shares of Neogen Corporation (NASDAQ:NEOG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 142,221 shares of the company’s stock, valued at approximately $11,016,000. Wasatch Advisors Inc. owned about 0.37% of Neogen Corporation at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Creative Planning grew its holdings in shares of Neogen Corporation by 1.3% during the 2nd quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after purchasing an additional 46 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Neogen Corporation by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,022 shares of the company’s stock worth $347,000 after buying an additional 68 shares during the period. Arizona State Retirement System boosted its position in Neogen Corporation by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 19,841 shares of the company’s stock worth $1,371,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its position in Neogen Corporation by 1.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 18,935 shares of the company’s stock worth $1,309,000 after buying an additional 200 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Neogen Corporation by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,533 shares of the company’s stock worth $1,972,000 after buying an additional 273 shares during the period. 86.15% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Neogen Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.
In other news, CFO Steven J. Quinlan sold 2,772 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $73.54, for a total value of $203,852.88. Following the transaction, the chief financial officer now owns 12,875 shares in the company, valued at approximately $946,827.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edward Bradley sold 17,824 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $80.32, for a total transaction of $1,431,623.68. Following the completion of the transaction, 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. Over the last quarter, insiders have sold 193,034 shares of company stock worth $14,717,645. 4.20% of the stock is owned by corporate insiders.
Neogen Corporation (NASDAQ:NEOG) traded down $1.66 during trading hours on Thursday, reaching $82.65. 62,900 shares of the company traded hands, compared to its average volume of 111,466. Neogen Corporation has a twelve month low of $59.51 and a twelve month high of $84.50. The firm has a market cap of $3,220.80, a P/E ratio of 70.85, a PEG ratio of 4.29 and a beta of 1.53.
Neogen Corporation (NASDAQ:NEOG) last posted its earnings results on Tuesday, September 19th. The company reported $0.31 EPS for the quarter, topping the 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 business 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 company earned $0.26 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. analysts predict that Neogen Corporation will post 1.31 EPS for the current year.
Neogen Corporation 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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