State Board of Administration of Florida Retirement System maintained its stake in Neogen Corporation (NASDAQ:NEOG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,700 shares of the company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.08% of Neogen Corporation worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Neogen Corporation by 149,314.6% during the 1st quarter. BlackRock Inc. now owns 4,466,002 shares of the company’s stock worth $292,745,000 after purchasing an additional 4,463,013 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Neogen Corporation by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock worth $213,527,000 after purchasing an additional 176,056 shares in the last quarter. State Street Corp lifted its holdings in Neogen Corporation by 8.9% during the 1st quarter. State Street Corp now owns 905,938 shares of the company’s stock worth $59,385,000 after purchasing an additional 73,771 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Neogen Corporation by 7.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 797,614 shares of the company’s stock worth $55,123,000 after purchasing an additional 53,551 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Neogen Corporation by 8.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 760,702 shares of the company’s stock worth $49,864,000 after purchasing an additional 56,465 shares in the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.
Neogen Corporation (NEOG) opened at 70.88 on Wednesday. The firm has a 50-day moving average price of $66.90 and a 200-day moving average price of $65.29. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 62.18 and a beta of 1.51. Neogen Corporation has a 52 week low of $50.53 and a 52 week high of $71.26.
Neogen Corporation (NASDAQ:NEOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%. The business had revenue of $98.80 million for the quarter, compared to the consensus estimate of $100.80 million. During the same period in the previous year, the business earned $0.26 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Analysts anticipate that Neogen Corporation will post $1.30 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Neogen Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered Neogen Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, CL King initiated coverage on Neogen Corporation in a research note on Friday, July 14th. They issued a “neutral” rating on the stock.
In other news, VP Edward Bradley sold 5,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $68.72, for a total value 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 is available through this hyperlink. Also, Director James P. Tobin acquired 500 shares of the stock in a transaction dated Thursday, July 27th. The stock was acquired 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 directly owns 3,200 shares of the company’s stock, valued at $206,848. The disclosure for this purchase can be found here. Insiders sold 38,333 shares of company stock worth $2,647,873 over the last 90 days. Company insiders own 4.20% of the company’s stock.
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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