Suffolk Capital Management LLC Has $820,000 Holdings in Neogen Corporation (NEOG)
Suffolk Capital Management LLC lowered its position in Neogen Corporation (NASDAQ:NEOG) by 54.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,592 shares of the company’s stock after selling 12,751 shares during the quarter. Suffolk Capital Management LLC’s holdings in Neogen Corporation were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in NEOG. Vanguard Group Inc. increased its stake in shares of Neogen Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock valued at $213,527,000 after purchasing an additional 176,056 shares during the period. Conestoga Capital Advisors LLC increased its stake in shares of Neogen Corporation by 20.2% in the third quarter. Conestoga Capital Advisors LLC now owns 958,784 shares of the company’s stock valued at $74,267,000 after purchasing an additional 161,170 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Neogen Corporation by 32.5% in the second quarter. Ameriprise Financial Inc. now owns 372,276 shares of the company’s stock valued at $25,728,000 after purchasing an additional 91,390 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Neogen Corporation by 71.0% in the second quarter. Goldman Sachs Group Inc. now owns 194,552 shares of the company’s stock valued at $13,445,000 after purchasing an additional 80,775 shares during the period. Finally, State Street Corp increased its stake in shares of Neogen Corporation by 8.9% in the first quarter. State Street Corp now owns 905,938 shares of the company’s stock valued at $59,385,000 after purchasing an additional 73,771 shares during the period. Institutional investors own 86.62% of the company’s stock.
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Several research firms have recently issued reports on NEOG. Zacks Investment Research cut shares of Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. CL King began coverage on shares of Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating for the company. Finally, BidaskClub cut shares of Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
In other news, VP Edward Bradley sold 13,628 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $70.06, for a total value of $954,777.68. Following the completion of the transaction, the vice president now directly owns 71,691 shares in the company, valued at $5,022,671.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James L. Herbert sold 10,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $77.06, for a total transaction of $770,600.00. Following the completion of the transaction, the insider now owns 879,212 shares of the company’s stock, valued at $67,752,076.72. The disclosure for this sale can be found here. Insiders sold 149,210 shares of company stock valued at $11,168,321 over the last quarter. Insiders own 4.20% of the company’s stock.
Neogen Corporation (NASDAQ:NEOG) traded down $0.29 during trading on Friday, hitting $82.03. 82,600 shares of the stock traded hands, compared to its average volume of 112,237. The company has a market capitalization of $3,130.00, a PE ratio of 69.18, a PEG ratio of 4.19 and a beta of 1.53. Neogen Corporation has a twelve month low of $58.96 and a twelve month high of $82.75.
Neogen Corporation (NASDAQ:NEOG) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $94.87 million. Neogen Corporation had a net margin of 12.28% and a return on equity of 9.93%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. analysts expect that Neogen Corporation will post 1.31 earnings per share 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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