Neogen Corporation (NASDAQ:NEOG) insider James L. Herbert sold 14,513 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $78.32, for a total value of $1,136,658.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Neogen Corporation (NASDAQ:NEOG) traded up 0.03% during trading on Friday, hitting $78.76. 192,084 shares of the stock traded hands. Neogen Corporation has a 52 week low of $50.53 and a 52 week high of $79.99. The company has a 50-day moving average of $71.24 and a 200-day moving average of $66.48. The firm has a market cap of $3.01 billion, a P/E ratio of 66.18 and a beta of 1.52.

Neogen Corporation (NASDAQ:NEOG) last issued its earnings results on Tuesday, September 19th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Neogen Corporation had a return on equity of 9.93% and a net margin of 12.28%. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $94.87 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Neogen Corporation’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts forecast that Neogen Corporation will post $1.31 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Neogen Corporation (NEOG) Insider James L. Herbert Sells 14,513 Shares” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/06/neogen-corporation-neog-insider-james-l-herbert-sells-14513-shares.html.

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Neogen Corporation during the second quarter worth approximately $209,000. Swiss National Bank raised its position in shares of Neogen Corporation by 1.0% during the first quarter. Swiss National Bank now owns 62,350 shares of the company’s stock worth $4,087,000 after purchasing an additional 600 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Neogen Corporation by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 154,157 shares of the company’s stock worth $10,105,000 after purchasing an additional 8,184 shares during the period. State Street Corp raised its position in shares of Neogen Corporation by 8.9% during the first quarter. State Street Corp now owns 905,938 shares of the company’s stock worth $59,385,000 after purchasing an additional 73,771 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Neogen Corporation by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 7,526 shares of the company’s stock worth $520,000 after purchasing an additional 3,316 shares during the period. 86.10% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on NEOG shares. BidaskClub cut shares of Neogen Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of Neogen Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, CL King started coverage on shares of Neogen Corporation in a research note on Friday, July 14th. They set a “neutral” rating for the company.

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.

Insider Buying and Selling 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.