Arrowstreet Capital Limited Partnership Grows Position in NewMarket Corporation $NEU

Arrowstreet Capital Limited Partnership raised its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 1,807.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,612 shares of the specialty chemicals company's stock after acquiring an additional 51,749 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.59% of NewMarket worth $35,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio raised its stake in NewMarket by 12.7% in the 1st quarter. Strs Ohio now owns 151 shares of the specialty chemicals company's stock valued at $97,000 after purchasing an additional 17 shares during the last quarter. Kesler Norman & Wride LLC raised its position in shares of NewMarket by 1.6% in the first quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company's stock valued at $786,000 after buying an additional 19 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of NewMarket by 5.5% during the fourth quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company's stock valued at $252,000 after buying an additional 19 shares during the period. Abel Hall LLC boosted its position in NewMarket by 6.3% during the fourth quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company's stock worth $230,000 after acquiring an additional 20 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in NewMarket by 4.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 553 shares of the specialty chemicals company's stock worth $380,000 after acquiring an additional 22 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NEU stock opened at $782.72 on Wednesday. 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 company has a market cap of $7.20 billion, a PE ratio of 17.88 and a beta of 0.56. The company's fifty day simple moving average is $780.77 and its 200-day simple moving average is $696.98. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $875.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised NewMarket from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

About NewMarket

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.

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