Neogen Corp. (NASDAQ:NEOG) CEO James L. Herbert sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $62.95, for a total transaction of $62,950.00. Following the transaction, the chief executive officer now owns 886,212 shares in the company, valued at approximately $55,787,045.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Neogen Corp. (NASDAQ:NEOG) traded down 0.25% during trading on Monday, reaching $62.87. 169,751 shares of the company traded hands. The firm’s 50-day moving average is $55.99 and its 200-day moving average is $55.31. The stock has a market capitalization of $2.37 billion, a PE ratio of 64.15 and a beta of 1.50. Neogen Corp. has a 12-month low of $43.79 and a 12-month high of $63.40.
Neogen Corp. (NASDAQ:NEOG) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $83.65 million for the quarter. Neogen Corp. had a net margin of 11.25% and a return on equity of 9.36%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities analysts predict that Neogen Corp. will post $1.12 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Wade G W & Inc. raised its stake in shares of Neogen Corp. by 0.6% in the third quarter. Wade G W & Inc. now owns 5,305 shares of the company’s stock valued at $297,000 after buying an additional 34 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Neogen Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,330 shares of the company’s stock valued at $466,000 after buying an additional 140 shares during the period. Advisor Group Inc. raised its stake in Neogen Corp. by 7.3% in the third quarter. Advisor Group Inc. now owns 2,286 shares of the company’s stock valued at $128,000 after buying an additional 155 shares during the period. Bell State Bank & Trust raised its stake in Neogen Corp. by 3.7% in the third quarter. Bell State Bank & Trust now owns 4,681 shares of the company’s stock valued at $262,000 after buying an additional 165 shares during the period. Finally, PineBridge Investments L.P. raised its stake in Neogen Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,760 shares of the company’s stock valued at $267,000 after buying an additional 185 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on NEOG shares. Craig Hallum upgraded shares of Neogen Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Neogen Corp. from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.25.
Neogen Corp. Company Profile