London Co. of Virginia Has $295.50 Million Holdings in NewMarket Corporation $NEU

London Co. of Virginia cut its position in shares of NewMarket Corporation (NYSE:NEU) by 6.5% during the first quarter, HoldingsChannel.com reports. The firm owned 461,027 shares of the specialty chemicals company’s stock after selling 31,793 shares during the period. NewMarket accounts for about 1.8% of London Co. of Virginia’s investment portfolio, making the stock its 18th largest holding. London Co. of Virginia owned about 0.05% of NewMarket worth $295,505,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 39 shares in the last quarter. NewEdge Advisors LLC increased its holdings in NewMarket by 1,442.4% in the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after buying an additional 476 shares during the period. United Services Automobile Association acquired a new position in shares of NewMarket in the 1st quarter valued at $266,000. Empowered Funds LLC raised its stake in shares of NewMarket by 4.8% in the 1st quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after buying an additional 72 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NewMarket by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after acquiring an additional 1,995 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 1.3%

Shares of NEU opened at $779.99 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.18 billion, a PE ratio of 17.82 and a beta of 0.56. NewMarket Corporation has a 1 year low of $580.03 and a 1 year high of $875.97. The stock has a 50 day simple moving average of $777.63 and a 200-day simple moving average of $696.02.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.