LSV Asset Management Has $116.15 Million Stock Holdings in NewMarket Corporation (NYSE:NEU)

Key Points

• LSV Asset Management has increased its stake in NewMarket Corporation (NYSE:NEU) by 1.0%, owning approximately 205,047 shares worth about $116.15 million.
• NewMarket's shares are currently priced at $699.10, with a yearly range between $480.00 and $743.52, and its market capitalization is valued at $6.59 billion.
• NewMarket reported a remarkable 32.25% return on equity for the quarter, with earnings per share at $11.84 and revenues reaching $698.51 million.

LSV Asset Management raised its stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,047 shares of the specialty chemicals company's stock after purchasing an additional 2,121 shares during the period. LSV Asset Management owned 2.17% of NewMarket worth $116,149,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new stake in shares of NewMarket during the 1st quarter worth $257,000. Private Trust Co. NA boosted its holdings in NewMarket by 185.2% during the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 50 shares during the period. Farther Finance Advisors LLC grew its position in shares of NewMarket by 34.1% in the first quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company's stock valued at $252,000 after purchasing an additional 113 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of NewMarket by 45.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 718 shares of the specialty chemicals company's stock valued at $407,000 after purchasing an additional 223 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of NewMarket by 15.1% in the first quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company's stock worth $2,262,000 after purchasing an additional 523 shares during the period. Institutional investors own 61.09% of the company's stock.

NewMarket Stock Performance

Shares of NYSE NEU traded up $6.84 during trading hours on Monday, hitting $706.70. 39,646 shares of the company's stock were exchanged, compared to its average volume of 75,280. The company's 50-day moving average price is $685.20 and its 200-day moving average price is $603.80. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $743.52. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 14.01 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 EPS for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%. The company had revenue of $698.51 million for the quarter.

Insiders Place Their Bets

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer owned 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.10% of the stock is currently owned by company insiders.

NewMarket Company 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.