SCHEDULE: Vanguard Discloses 5.13% Stake in Neogen Corp

Vanguard Capital Management has reported beneficial ownership of 11,164,628 shares, representing 5.13% of Neogen Corp's common stock, as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has filed a Schedule 13G indicating beneficial ownership of Neogen Corp common stock.
• The total number of shares beneficially owned is 11,164,628, which constitutes 5.13% of the class of securities.
• Vanguard Capital Management has sole voting power over 1,599,582 shares and sole dispositive power over 11,164,628 shares.
• The filing is made in accordance with Rule 13d-1(b) and Vanguard Capital Management is classified as an investment adviser.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of Neogen Corp.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of institutional ownership and does not contain operational or financial performance data for Neogen Corp.

Positives

• Vanguard Capital Management's significant stake suggests confidence in Neogen Corp's long-term prospects.
• The filing indicates that Vanguard manages these shares on behalf of various investment companies and managed accounts, implying a diversified investor base.
• The clear reporting of ownership and voting/dispositive power provides transparency to the market.

Negatives

• The filing does not contain any negative financial or operational information about Neogen Corp, as it is a disclosure of ownership by a third party.

Risks

• The primary risk associated with this filing is the potential for Vanguard to alter its holdings, which could impact Neogen Corp's stock price.
• As an investment adviser, Vanguard's investment decisions are subject to market conditions and fund performance, which could lead to changes in their stake.

Future Outlook

The filing does not contain forward-looking statements or guidance from Neogen Corp. It solely reports Vanguard's ownership stake.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that a Schedule 13G filing by a major institutional investor like Vanguard, indicating a significant ownership stake (over 5%), is a common occurrence in the public markets and often reflects a passive investment strategy rather than an attempt to gain control. This filing provides transparency regarding institutional holdings in the animal health and food safety sectors where Neogen Corp operates.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership, potentially influencing investor sentiment.
• Management: Awareness of significant institutional investor presence.
• Creditors: No direct impact from this ownership disclosure.

Next Steps

• Vanguard will continue to hold or manage its stake in Neogen Corp according to its investment strategies.
• Neogen Corp will continue its business operations as disclosed in its other SEC filings.

Key Dates

Keywords

Neogen Corp, Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Vanguard