Trade Report: Today, Neogen Corp. (NEOG) CFO Sold $165,450.00 in Stock

Today, Neogen Corp. (NEOG) CFO Sold $165,450.00 in Stock

Neogen Corp. (NASDAQ:NEOG) CFO Steven J. Quinlan sold 3,000 shares of Neogen Corp. stock in a transaction on Friday, September 30th. The stock was sold at an average price of $55.15, for a total transaction of $165,450.00. Following the sale, the chief financial officer now directly owns 13,103 shares of the company’s stock, valued at approximately $722,630.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Neogen Corp. (NASDAQ:NEOG) opened at 55.14 on Friday. The company has a 50-day moving average of $57.63 and a 200 day moving average of $53.17. Neogen Corp. has a 52-week low of $43.79 and a 52-week high of $61.24. The company has a market capitalization of $2.08 billion, a PE ratio of 56.27 and a beta of 1.41.

Neogen Corp. (NASDAQ:NEOG) last issued its quarterly earnings data on Tuesday, September 27th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business earned $83.65 million during the quarter. Neogen Corp. had a net margin of 11.25% and a return on equity of 9.36%. Neogen Corp.’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Analysts predict that Neogen Corp. will post $1.12 earnings per share for the current year.

Several brokerages have recently issued reports on NEOG. Zacks Investment Research raised shares of Neogen Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, September 27th. Craig Hallum lowered shares of Neogen Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Neogen Corp. currently has an average rating of “Hold” and an average target price of $58.25.

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Neogen Corp. by 107.1% in the second quarter. BNP Paribas Arbitrage SA now owns 11,714 shares of the company’s stock valued at $659,000 after buying an additional 6,058 shares during the last quarter. Teachers Advisors Inc. increased its position in Neogen Corp. by 9.5% in the first quarter. Teachers Advisors Inc. now owns 60,148 shares of the company’s stock valued at $3,028,000 after buying an additional 5,203 shares during the last quarter. Royce & Associates LP acquired a new position in Neogen Corp. during the first quarter valued at about $1,818,000. Loomis Sayles & Co. L P increased its position in Neogen Corp. by 91.5% in the first quarter. Loomis Sayles & Co. L P now owns 413,041 shares of the company’s stock valued at $20,797,000 after buying an additional 197,383 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its position in Neogen Corp. by 2.6% in the first quarter. Kennedy Capital Management Inc. now owns 31,621 shares of the company’s stock valued at $1,592,000 after buying an additional 790 shares during the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

About Neogen Corp.

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