Wealth Enhancement Advisory Services LLC Buys 1,312 Shares of NewMarket Corporation $NEU

Wealth Enhancement Advisory Services LLC boosted its position in shares of NewMarket Corporation (NYSE:NEU) by 160.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,132 shares of the specialty chemicals company’s stock after buying an additional 1,312 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NewMarket were worth $1,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of NewMarket by 7.3% during the third quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 15 shares during the last quarter. MGO One Seven LLC increased its position in NewMarket by 6.5% in the third quarter. MGO One Seven LLC now owns 328 shares of the specialty chemicals company’s stock worth $272,000 after purchasing an additional 20 shares during the period. MAI Capital Management raised its holdings in NewMarket by 20.8% during the 2nd quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 21 shares during the last quarter. Global Retirement Partners LLC lifted its position in NewMarket by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 703 shares of the specialty chemicals company’s stock valued at $582,000 after purchasing an additional 24 shares during the period. Finally, Ritholtz Wealth Management lifted its position in NewMarket by 2.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,110 shares of the specialty chemicals company’s stock valued at $767,000 after purchasing an additional 26 shares during the period. 61.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NewMarket in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

NewMarket Trading Up 0.9%

NYSE:NEU opened at $670.17 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. NewMarket Corporation has a 1-year low of $480.57 and a 1-year high of $875.97. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.16 and a beta of 0.49. The business’s 50-day moving average price is $711.20 and its two-hundred day moving average price is $755.29.

NewMarket (NYSE:NEU) last posted its earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share (EPS) for the quarter. The company had revenue of $690.31 million during the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.