Deutsche Bank AG Sells 3,885 Shares of NewMarket Co. (NYSE:NEU)

Deutsche Bank AG decreased its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 82.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 848 shares of the specialty chemicals company's stock after selling 3,885 shares during the quarter. Deutsche Bank AG's holdings in NewMarket were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NEU. Cubist Systematic Strategies LLC acquired a new position in shares of NewMarket in the 4th quarter valued at approximately $212,000. Cetera Investment Advisers raised its position in NewMarket by 25.1% during the fourth quarter. Cetera Investment Advisers now owns 1,537 shares of the specialty chemicals company's stock valued at $812,000 after purchasing an additional 308 shares in the last quarter. BNP Paribas Financial Markets raised its position in NewMarket by 96.3% during the fourth quarter. BNP Paribas Financial Markets now owns 2,777 shares of the specialty chemicals company's stock valued at $1,467,000 after purchasing an additional 1,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in NewMarket by 33.8% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,739 shares of the specialty chemicals company's stock worth $919,000 after purchasing an additional 439 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of NewMarket in the 4th quarter valued at $59,000. 61.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

NewMarket Price Performance

NYSE:NEU traded up $8.19 during trading hours on Friday, hitting $644.29. The company's stock had a trading volume of 51,559 shares, compared to its average volume of 36,587. The stock has a fifty day simple moving average of $596.46 and a 200-day simple moving average of $552.22. The company has a market capitalization of $6.08 billion, a P/E ratio of 13.36 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $653.71.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The company had revenue of $700.95 million for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Monday, June 16th. NewMarket's payout ratio is 21.89%.

Insider Transactions at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.10% of the company's stock.

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.