Bank of America Corp DE trimmed its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,061,199 shares of the specialty chemicals company's stock after selling 19,873 shares during the quarter. Bank of America Corp DE owned about 11.05% of NewMarket worth $560,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in NewMarket by 0.6% in the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after buying an additional 20 shares during the period. Atria Investments Inc lifted its position in shares of NewMarket by 1.6% during the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after acquiring an additional 20 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in NewMarket by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after acquiring an additional 26 shares in the last quarter. Parallel Advisors LLC grew its holdings in NewMarket by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the period. Finally, Bessemer Group Inc. increased its stake in NewMarket by 166.7% in the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 61.09% of the company's stock.
NewMarket Trading Down 0.3 %
NYSE NEU opened at $625.93 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $637.16. The business has a 50 day moving average price of $560.05 and a 200-day moving average price of $538.91. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 12.98 and a beta of 0.41.
NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. The business had revenue of $700.95 million during the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.
NewMarket Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is currently 21.89%.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.
View Our Latest Research Report on NEU
NewMarket Company Profile
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Free Report)
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.
See Also
Want to see what other hedge funds are holding NEU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewMarket Co. (NYSE:NEU - Free Report).
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