NewMarket Co. (NYSE:NEU) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,583 shares of the specialty chemicals company's stock after purchasing an additional 500 shares during the quarter. Janus Henderson Group PLC's holdings in NewMarket were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in NewMarket by 0.6% during the fourth quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after purchasing an additional 20 shares in the last quarter. Atria Investments Inc boosted its position in NewMarket by 1.6% during the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after purchasing an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in NewMarket by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock valued at $825,000 after purchasing an additional 26 shares in the last quarter. Parallel Advisors LLC boosted its position in NewMarket by 4.3% during the fourth quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 30 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at $229,989.94. The trade was a 46.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.10% of the stock is owned by company insiders.

NewMarket Stock Down 1.1%

NEU stock traded down $7.39 on Friday, hitting $639.67. 36,771 shares of the company's stock were exchanged, compared to its average volume of 36,607. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $653.71. The firm has a 50 day moving average price of $586.50 and a two-hundred day moving average price of $549.31. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The stock has a market cap of $6.03 billion, a P/E ratio of 13.27 and a beta of 0.41.

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

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 annualized dividend and a yield of 1.72%. NewMarket's dividend payout ratio (DPR) is 21.89%.

Analyst Ratings Changes

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

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.