Cerity Partners LLC Buys New Position in NewMarket Corporation (NYSE:NEU)

Key Points

• Cerity Partners LLC has acquired 517 shares of NewMarket Corporation (NYSE:NEU), valued at approximately $293,000, as part of their new stake in the company.
• NewMarket's stock price decreased by 1.7% to $694.06 during mid-day trading, with a market cap of $6.54 billion.
• Insider trading activity is noted, with CAO Bruce R. Hazelgrove III selling 311 shares at an average price of $642.43, resulting in a 46.49% decrease in his holdings.

Cerity Partners LLC acquired a new stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 517 shares of the specialty chemicals company's stock, valued at approximately $293,000.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in NewMarket in the 1st quarter worth about $257,000. Private Trust Co. NA boosted its stake in NewMarket by 185.2% in the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 50 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in NewMarket by 34.1% in the 1st quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company's stock worth $252,000 after buying an additional 113 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in NewMarket by 45.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 718 shares of the specialty chemicals company's stock worth $407,000 after buying an additional 223 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in NewMarket by 4.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 38,585 shares of the specialty chemicals company's stock worth $21,857,000 after buying an additional 1,584 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Trading Up 0.5%

NYSE:NEU traded up $3.10 during mid-day trading on Thursday, reaching $683.60. The company's stock had a trading volume of 37,121 shares, compared to its average volume of 75,042. The company's fifty day simple moving average is $683.24 and its two-hundred day simple moving average is $599.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.84 and a quick ratio of 1.60. NewMarket Corporation has a twelve month low of $480.00 and a twelve month high of $743.52. The stock has a market cap of $6.45 billion, a P/E ratio of 13.59 and a beta of 0.42.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The firm had revenue of $698.51 million for the quarter.

Insider Activity at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the transaction, the chief accounting officer directly owned 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.10% of the stock is currently owned by company insiders.

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.