Texas Permanent School Fund increased its position in shares of Neogen Corporation (NASDAQ:NEOG) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 27,831 shares of the company’s stock after buying an additional 340 shares during the period. Texas Permanent School Fund’s holdings in Neogen Corporation were worth $1,923,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NEOG. Victory Capital Management Inc. increased its stake in Neogen Corporation by 53.0% in the first quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock worth $167,000 after buying an additional 881 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Neogen Corporation during the first quarter valued at $226,000. Creative Planning increased its stake in shares of Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after buying an additional 46 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Neogen Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the company’s stock valued at $275,000 after buying an additional 140 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Neogen Corporation during the first quarter valued at $329,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Neogen Corporation (NASDAQ:NEOG) opened at 66.95 on Friday. The firm has a market cap of $2.56 billion, a PE ratio of 58.73 and a beta of 1.52. Neogen Corporation has a one year low of $50.53 and a one year high of $69.97. The firm has a 50-day moving average price of $67.21 and a 200-day moving average price of $64.95.

Neogen Corporation (NASDAQ:NEOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $98.80 million during the quarter, compared to analyst estimates of $100.80 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Neogen Corporation will post $1.30 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Neogen Corporation (NASDAQ:NEOG) Position Increased by Texas Permanent School Fund” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/13/neogen-corporation-nasdaqneog-position-increased-by-texas-permanent-school-fund.html.

Several brokerages recently weighed in on NEOG. CL King began coverage on Neogen Corporation in a research report on Friday, July 14th. They set a “neutral” rating for the company. BidaskClub upgraded Neogen Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded Neogen Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd.

In other Neogen Corporation news, VP Edward Bradley sold 5,000 shares of Neogen Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $68.72, for a total transaction of $343,600.00. Following the completion of the sale, the vice president now owns 91,512 shares of the company’s stock, valued at $6,288,704.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James P. Tobin purchased 500 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were purchased at an average cost of $64.64 per share, with a total value of $32,320.00. Following the purchase, the director now owns 3,200 shares of the company’s stock, valued at $206,848. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 23,333 shares of company stock valued at $1,553,387. Corporate insiders own 4.70% of the company’s stock.

About Neogen Corporation

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.

Want to see what other hedge funds are holding NEOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neogen Corporation (NASDAQ:NEOG).

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

Receive News & Ratings for Neogen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neogen Corporation and related companies with MarketBeat.com's FREE daily email newsletter.