AQR Capital Management LLC Sells 6,591 Shares of NewMarket Corporation $NEU

AQR Capital Management LLC cut its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,897 shares of the specialty chemicals company's stock after selling 6,591 shares during the quarter. AQR Capital Management LLC owned approximately 0.55% of NewMarket worth $28,621,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in NewMarket by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 744,723 shares of the specialty chemicals company's stock valued at $421,848,000 after acquiring an additional 13,411 shares during the period. LSV Asset Management increased its stake 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 worth $116,149,000 after purchasing an additional 2,121 shares during the period. Allspring Global Investments Holdings LLC increased its stake 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 worth $105,300,000 after purchasing an additional 15,155 shares during the period. American Century Companies Inc. increased its stake in shares of NewMarket by 120.3% during the first quarter. American Century Companies Inc. now owns 105,120 shares of the specialty chemicals company's stock worth $59,545,000 after purchasing an additional 57,403 shares during the period. Finally, GAMMA Investing LLC increased its position in NewMarket by 54,160.0% during the 1st quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company's stock worth $58,398,000 after buying an additional 102,904 shares during the period. 61.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut NewMarket from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

NewMarket Price Performance

NewMarket stock traded down $2.86 during mid-day trading on Friday, reaching $846.08. 30,245 shares of the company were exchanged, compared to its average volume of 78,177. The company has a fifty day simple moving average of $759.76 and a 200-day simple moving average of $656.73. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $854.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The firm has a market cap of $7.95 billion, a PE ratio of 16.77 and a beta of 0.49.

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

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. NewMarket's dividend payout ratio (DPR) is 21.80%.

NewMarket Profile

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.