LSV Asset Management Has $116.15 Million 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 grew its position in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 205,047 shares of the specialty chemicals company's stock after purchasing an additional 2,121 shares during the quarter. LSV Asset Management owned 2.17% of NewMarket worth $116,149,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NEU. Crossmark Global Holdings Inc. bought a new position in NewMarket during the first quarter valued at about $257,000. Private Trust Co. NA lifted its holdings in NewMarket by 185.2% in the 1st 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 last quarter. Farther Finance Advisors LLC lifted its holdings in NewMarket by 34.1% in the 1st quarter. Farther Finance Advisors LLC now owns 444 shares of the specialty chemicals company's stock valued at $252,000 after acquiring an additional 113 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of NewMarket by 45.1% during the 1st 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 in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of NewMarket by 15.1% in the 1st 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 last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Price Performance

NEU stock traded up $2.86 on Wednesday, hitting $711.67. 24,644 shares of the company's stock traded hands, compared to its average volume of 74,734. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 14.11 and a beta of 0.45. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $743.52. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $687.81 and a 200-day moving average of $605.99.

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

Insider Activity

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the company'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 completion of the sale, the chief accounting officer directly owned 358 shares of the company's stock, valued at $229,989.94. This represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 19.10% of the stock is 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.