Arbejdsmarkedets Tillaegspension Makes New $21.33 Million Investment in NewMarket Corporation $NEU

Arbejdsmarkedets Tillaegspension acquired a new stake in shares of NewMarket Corporation (NYSE:NEU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,030 shares of the specialty chemicals company’s stock, valued at approximately $21,326,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in NewMarket by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company’s stock worth $569,600,000 after buying an additional 15,813 shares during the period. LSV Asset Management raised its holdings in NewMarket by 2.4% in the third quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company’s stock worth $222,318,000 after purchasing an additional 6,284 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $148,820,000 after buying an additional 2,049 shares during the last quarter. AQR Capital Management LLC boosted 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 worth $114,246,000 after purchasing an additional 91,458 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of NewMarket by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 128,933 shares of the specialty chemicals company’s stock worth $106,784,000 after buying an additional 15,179 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ting Xu bought 400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the acquisition, the director directly owned 929 shares of the company’s stock, valued at $575,246.09. The trade was a 75.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded 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, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

NewMarket Stock Down 1.6%

Shares of NYSE:NEU opened at $681.94 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $875.97. The stock’s fifty day simple moving average is $646.10 and its 200-day simple moving average is $685.24. The company has a market capitalization of $6.27 billion, a P/E ratio of 15.58 and a beta of 0.52.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.The firm had revenue of $669.72 million for the quarter.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 1.8%. NewMarket’s payout ratio is presently 27.41%.

NewMarket Company 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.