Janus Henderson Group PLC Has $1.89 Million Position in NewMarket Co. (NYSE:NEU)

Janus Henderson Group PLC raised its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,583 shares of the specialty chemicals company's stock after buying an additional 500 shares during the period. Janus Henderson Group PLC's holdings in NewMarket were worth $1,890,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Ethic Inc. grew its stake in shares of NewMarket by 29.4% in the 4th quarter. Ethic Inc. now owns 2,007 shares of the specialty chemicals company's stock worth $1,060,000 after purchasing an additional 456 shares during the last quarter. Fiduciary Trust Co grew its stake in shares of NewMarket by 262.3% in the 4th quarter. Fiduciary Trust Co now owns 2,210 shares of the specialty chemicals company's stock worth $1,168,000 after purchasing an additional 1,600 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of NewMarket in the 4th quarter worth approximately $212,000. Cetera Investment Advisers grew its stake in shares of NewMarket by 25.1% in the 4th quarter. Cetera Investment Advisers now owns 1,537 shares of the specialty chemicals company's stock worth $812,000 after purchasing an additional 308 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of NewMarket by 96.3% in the 4th quarter. BNP Paribas Financial Markets now owns 2,777 shares of the specialty chemicals company's stock worth $1,467,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Price Performance

Shares of NEU traded up $5.51 during mid-day trading on Tuesday, hitting $645.94. The company's stock had a trading volume of 38,529 shares, compared to its average volume of 36,614. The firm has a 50-day moving average price of $590.67 and a 200 day moving average price of $550.48. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 13.40 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 fifty-two week low of $480.00 and a fifty-two week high of $653.71.

NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share for the quarter. The business 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio (DPR) is currently 21.89%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.10% of the stock is currently owned by 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.