Neogen Co. (NASDAQ:NEOG) Director James L. Herbert sold 5,000 shares of Neogen stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $60.70, for a total value of $303,500.00. Following the sale, the director now directly owns 631,484 shares in the company, valued at approximately $38,331,078.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NEOG opened at $62.65 on Friday. Neogen Co. has a twelve month low of $50.60 and a twelve month high of $97.38. The company has a market capitalization of $3.27 billion, a PE ratio of 51.78, a PEG ratio of 5.04 and a beta of 1.35. The company’s 50 day simple moving average is $59.63.
Large investors have recently made changes to their positions in the stock. Manchester Capital Management LLC raised its holdings in Neogen by 105.6% during the first quarter. Manchester Capital Management LLC now owns 590 shares of the company’s stock worth $34,000 after purchasing an additional 303 shares in the last quarter. Brand Asset Management Group Inc. bought a new stake in Neogen during the first quarter worth approximately $39,000. Ellis Investment Partners LLC bought a new stake in Neogen during the first quarter worth approximately $40,000. Buffington Mohr McNeal bought a new stake in Neogen during the first quarter worth approximately $43,000. Finally, Captrust Financial Advisors raised its holdings in Neogen by 47.0% during the fourth quarter. Captrust Financial Advisors now owns 970 shares of the company’s stock worth $55,000 after purchasing an additional 310 shares in the last quarter. 90.10% of the stock is currently owned by hedge funds and other institutional investors.
NEOG has been the topic of a number of recent analyst reports. Craig Hallum cut PFSweb from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. BidaskClub cut Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Guggenheim reaffirmed a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of VF in a report on Thursday, May 23rd. Finally, Zacks Investment Research cut Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $65.38.
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.
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