American Century Companies Inc. Raises Position in NewMarket Corporation $NEU

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American Century Companies Inc. increased its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 120.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,120 shares of the specialty chemicals company's stock after buying an additional 57,403 shares during the period. American Century Companies Inc. owned 1.11% of NewMarket worth $59,545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of NewMarket by 1.8% during the first quarter. Vanguard Group Inc. now owns 744,723 shares of the specialty chemicals company's stock valued at $421,848,000 after purchasing an additional 13,411 shares in the last quarter. LSV Asset Management increased its position in shares of NewMarket by 1.0% during the first quarter. LSV Asset Management now owns 205,047 shares of the specialty chemicals company's stock valued at $116,149,000 after acquiring an additional 2,121 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of NewMarket by 8.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company's stock valued at $105,300,000 after acquiring an additional 15,155 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of NewMarket by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company's stock valued at $89,938,000 after acquiring an additional 4,621 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of NewMarket by 54,160.0% during the first quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company's stock valued at $58,398,000 after acquiring an additional 102,904 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Down 0.6%

Shares of NEU traded down $4.7440 on Friday, hitting $795.9560. 88,098 shares of the stock traded hands, compared to its average volume of 85,041. The company has a market capitalization of $7.48 billion, a PE ratio of 15.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66. The business has a 50 day simple moving average of $718.87 and a 200 day simple moving average of $629.17. NewMarket Corporation has a one year low of $480.00 and a one year high of $806.98.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The company had revenue of $698.51 million during the quarter.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $2.75 dividend. The ex-dividend date is Monday, September 15th. This represents a $11.00 annualized dividend and a yield of 1.4%. NewMarket's dividend payout ratio (DPR) is currently 21.80%.

About NewMarket

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.