372 Shares in NewMarket Corporation $NEU Bought by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System acquired 372 shares of NewMarket Corporation during the first quarter, valued at approximately $211,000.
• Institutional investors, including GAMMA Investing LLC and Vanguard Group Inc., have significantly increased their stakes in NewMarket, indicating strong interest in the specialty chemicals company.
• NewMarket announced a quarterly dividend of $2.75 per share, representing an annualized dividend of $11.00 with a yield of 1.4%.

Maryland State Retirement & Pension System purchased a new stake in NewMarket Corporation (NYSE:NEU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 372 shares of the specialty chemicals company's stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of NewMarket by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 82,821 shares of the specialty chemicals company's stock valued at $46,914,000 after buying an additional 474 shares during the period. Vanguard Group Inc. boosted its holdings in NewMarket by 1.8% in the first quarter. Vanguard Group Inc. now owns 744,723 shares of the specialty chemicals company's stock worth $421,848,000 after acquiring an additional 13,411 shares in the last quarter. Argent Trust Co boosted its holdings in NewMarket by 34.6% in the first quarter. Argent Trust Co now owns 626 shares of the specialty chemicals company's stock worth $355,000 after acquiring an additional 161 shares in the last quarter. LSV Asset Management boosted its holdings in NewMarket by 1.0% in the first quarter. LSV Asset Management now owns 205,047 shares of the specialty chemicals company's stock worth $116,149,000 after acquiring an additional 2,121 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in NewMarket by 23.0% in the first quarter. US Bancorp DE now owns 353 shares of the specialty chemicals company's stock worth $200,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Stock Up 0.4%

NYSE:NEU traded up $3.2890 on Monday, hitting $799.9690. The stock had a trading volume of 207,807 shares, compared to its average volume of 85,236. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $806.98. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 0.52. The business's fifty day moving average is $722.10 and its 200 day moving average is $632.79. The company has a market cap of $7.52 billion, a PE ratio of 15.86 and a beta of 0.45.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share 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.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, September 15th. NewMarket's dividend payout ratio (DPR) is currently 21.80%.

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.