November 29, 2016 - By olga
Neogen Corp’s Chairman & CEO James Herbert sold 1,000 shares of the company in sale through a broker dated 28/11/2016. The sold shares were sold at the avg market share price which was $63.0, for an aggregate transaction of $62,950. He also sold 36,000 shares worth $2,195,982 USD in the last month. The deal, dated 28/11/2016, is recorded on a report submitted with the U.S. SEC and is ready for review here. This massive sell will probably draw attention, as James Herbert now has in hand 3.13% of the total market cap of the company.
Out of 2 analysts covering Neogen (NASDAQ:NEOG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Neogen has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Neogen Corporation (NASDAQ:NEOG) earned “Hold” rating by Craig Hallum on Tuesday, December 22. The rating was downgraded by Zacks to “Hold” on Tuesday, September 22. The stock has “Buy” rating given by Zacks on Wednesday, August 26.
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.09, from 0.95 in 2016Q1. The ratio dropped, as 14 funds sold all Neogen Corporation shares owned while 64 reduced positions. 15 funds bought stakes while 59 increased positions. They now own 32.41 million shares or 0.83% less from 32.68 million shares in 2016Q1.
California Pub Employees Retirement Sys, a California-based fund reported 118,450 shares. Barclays Public Ltd Com accumulated 1,332 shares or 0% of the stock. Strs Ohio owns 111,800 shares or 0.03% of their US portfolio. Comerica Bank has 40,379 shares for 0.02% of their US portfolio. Clean Yield Grp Incorporated reported 5,037 shares or 0.12% of all its holdings. Df Dent And last reported 9,800 shares in the company. The California-based Lpl Lc has invested 0% in Neogen Corporation (NASDAQ:NEOG). Thompson Siegel Walmsley Limited Liability holds 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG) for 450 shares. Mutual Of America Capital Mgmt Ltd Liability has 0.06% invested in the company for 47,882 shares. The North Carolina-based Sheets Smith Wealth Mngmt has invested 0.07% in Neogen Corporation (NASDAQ:NEOG). Louisiana State Employees Retirement Systems has 0.05% invested in the company for 16,600 shares. Fifth Third Commercial Bank holds 4,912 shares or 0% of its portfolio. Carroll Fincl Assocs Incorporated last reported 136 shares in the company. California State Teachers Retirement Systems owns 76,499 shares or 0.01% of their US portfolio. Nationwide Fund last reported 0.08% of its portfolio in the stock.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 16 sales for $10.10 million net activity. On Wednesday, August 10 PARNELL JACK C sold $284,347 worth of the stock or 5,000 shares. 5,335 shares with value of $287,314 were sold by BRADLEY EDWARD on Thursday, September 29. HERBERT JAMES L sold 8,393 shares worth $462,701. Quinlan Steven J. sold $165,448 worth of stock. YEUTTER CLAYTON K sold $265,500 worth of stock. MORRICAL TERRI A also sold $519,706 worth of Neogen Corporation (NASDAQ:NEOG) on Wednesday, September 28. On Wednesday, August 24 CALK RICHARD E JR sold $311,764 worth of the stock or 5,425 shares.
About 169,751 shares traded hands or 27.52% up from the average. Neogen Corporation (NASDAQ:NEOG) has risen 32.78% since April 25, 2016 and is uptrending. It has outperformed by 26.76% the S&P500.
Neogen Corporation develops, manufactures and markets a range of services and products dedicated to food and animal safety. The company has a market cap of $2.37 billion. The Firm operates through two divisions: Food Safety and Animal Safety. It has a 64.33 P/E ratio. 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.
According to Zacks Investment Research, “Neogen Corporation develops, manufactures, and markets a diverse line of products dedicated to food and animal safety. The company’s food safety segment consists primarily of diagnostic test kits and related products, including dehydrated culture media, marketed to food producers and processors to aid in the detection of foodborne bacteria, natural toxins, food allergens, drug residues, pesticide residues, plant disease infections and levels of general sanitation.”
Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on December, 19. They expect $0.28 earnings per share, up 16.67% or $0.04 from last year’s $0.24 per share. NEOG’s profit will be $10.53M for 56.29 P/E if the $0.28 EPS becomes a reality. After $0.26 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.
More important recent Neogen Corporation (NASDAQ:NEOG) news were published by: Prnewswire.com which released: “Neogen selected by Scottish Gov’t for beef herd improvement program” on October 27, 2016, also Medgadget.com published article titled: “Veterinary Biochemistry Analyzers Market: Increasing incidences of disease ..”, Seekingalpha.com published: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q4 2016 Results – Earnings Call ..” on July 19, 2016. More interesting news about Neogen Corporation (NASDAQ:NEOG) was released by: Economictimes.Indiatimes.com and their article: “US-based Neogen Corporation acquires Sterling test house” with publication date: June 02, 2015.
Neogen Corporation, incorporated on June 30, 1981, develops, makes and markets a range of services and products dedicated to food and animal safety. The Firm operates through two divisions: 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. The Animal Safety segment is primarily engaged in the production and marketing of products dedicated to animal health, including a range of consumable products marketed to veterinarians and animal health product distributors. The Animal Safety segment also provides genetic identification services. Additionally, the Animal Safety segment produces and markets rodenticides, disinfectants and insecticides to assist in the control of rodents and disease in and around agricultural, food production and other facilities. The Firm is involved in environmental remediation and monitoring activities at its Randolph, Wisconsin manufacturing facility.
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