NewEdge Wealth LLC Has $1.94 Million Stake in NewMarket Corporation $NEU

NewEdge Wealth LLC lifted its stake in NewMarket Corporation (NYSE:NEU) by 54.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,032 shares of the specialty chemicals company’s stock after acquiring an additional 1,064 shares during the period. NewEdge Wealth LLC’s holdings in NewMarket were worth $1,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 39 shares during the period. NewEdge Advisors LLC raised 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 worth $288,000 after acquiring an additional 476 shares during the period. United Services Automobile Association acquired a new position in NewMarket during the 1st quarter worth $266,000. Empowered Funds LLC boosted its holdings in NewMarket by 4.8% during the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after acquiring an additional 72 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NewMarket by 9.8% in the first 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 purchasing an additional 1,995 shares during the period. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE NEU opened at $779.99 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 17.82 and a beta of 0.56. The company’s fifty day moving average is $777.63 and its two-hundred day moving average is $696.02. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $875.97.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, 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.