Natixis Advisors LLC Acquires 2,239 Shares of NewMarket Corporation (NYSE:NEU)

Natixis Advisors LLC boosted its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,675 shares of the specialty chemicals company's stock after acquiring an additional 2,239 shares during the period. Natixis Advisors LLC owned 0.23% of NewMarket worth $12,278,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in NewMarket by 557.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of NewMarket by 166.7% in the 4th 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 during the period. Private Trust Co. NA boosted its position in shares of NewMarket by 185.2% during the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 50 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of NewMarket by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 77 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of NewMarket by 39.2% during the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 29 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.

NewMarket Trading Up 0.4%

NEU traded up $2.96 during trading on Tuesday, hitting $709.20. The company's stock had a trading volume of 47,740 shares, compared to its average volume of 77,586. 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 firm has a market capitalization of $6.67 billion, a P/E ratio of 14.06 and a beta of 0.45. The stock's fifty day moving average price is $687.81 and its 200-day moving average price is $605.99. NewMarket Corporation has a twelve month low of $480.00 and a twelve month high of $743.52.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. 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 company's stock in a transaction that occurred 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 directly owned 358 shares of the company's stock, valued at approximately $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.10% of the company's stock.

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.