NewMarket Corporation $NEU Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of NewMarket Corporation (NYSE:NEU) by 104.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,855 shares of the specialty chemicals company’s stock after acquiring an additional 2,486 shares during the quarter. SG Americas Securities LLC owned about 0.05% of NewMarket worth $3,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. LSV Asset Management raised its stake in shares of NewMarket by 2.4% during the third quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company’s stock valued at $222,318,000 after purchasing an additional 6,284 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in NewMarket by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock worth $148,820,000 after purchasing an additional 2,049 shares during the period. AQR Capital Management LLC grew its position in NewMarket by 196.7% in the 3rd quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company’s stock valued at $114,246,000 after buying an additional 91,458 shares in the last quarter. American Century Companies Inc. increased its stake in NewMarket by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 128,933 shares of the specialty chemicals company’s stock valued at $106,784,000 after buying an additional 15,179 shares during the period. Finally, Caisse de depot et placement du Quebec increased its stake in NewMarket by 376.4% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 99,256 shares of the specialty chemicals company’s stock valued at $82,205,000 after buying an additional 78,422 shares during the period. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Down 0.3%

Shares of NEU stock opened at $636.42 on Friday. NewMarket Corporation has a 1 year low of $510.07 and a 1 year high of $875.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The business’s fifty day moving average is $636.20 and its 200-day moving average is $714.89. The stock has a market cap of $5.98 billion, a PE ratio of 14.33 and a beta of 0.48.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The business had revenue of $635.40 million during the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a dividend of $3.00 per share. The ex-dividend date was Monday, March 16th. This represents a $12.00 annualized dividend and a dividend yield of 1.9%. NewMarket’s dividend payout ratio (DPR) is 27.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NewMarket currently has a consensus rating of “Hold”.

Insider Activity

In other NewMarket news, Director Ting Xu acquired 400 shares of the stock in a transaction dated Tuesday, February 24th. The shares were bought at an average price of $619.21 per share, with a total value of $247,684.00. Following the purchase, the director directly owned 929 shares of the company’s stock, valued at approximately $575,246.09. This trade represents a 75.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is owned by corporate insiders.

About NewMarket

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.