Caisse DE Depot ET Placement DU Quebec Has $8.73 Million Holdings in NewMarket Corporation $NEU

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its holdings in NewMarket Corporation by 785.9% during the first quarter, owning 15,405 shares valued at approximately $8.7 million.
• NewMarket Corporation reported a quarterly earnings per share of $11.84 with revenue of $698.51 million, showcasing a net margin of 17.28%.
• The company announced a $2.75 quarterly dividend to be paid on October 1st, representing an annualized payout of $11.00 and a dividend yield of 1.3%.

Caisse DE Depot ET Placement DU Quebec increased its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 785.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,405 shares of the specialty chemicals company's stock after purchasing an additional 13,666 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.16% of NewMarket worth $8,726,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of NewMarket by 557.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 39 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in NewMarket by 587.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. Private Trust Co. NA increased 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 during the period. Whipplewood Advisors LLC raised its stake in shares of NewMarket by 7,700.0% in the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 77 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock worth $58,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered NewMarket from a "buy" rating to a "hold" rating in a report on Saturday.

NewMarket Stock Down 0.1%

NYSE NEU traded down $0.60 during trading on Tuesday, reaching $826.36. The company's stock had a trading volume of 89,587 shares, compared to its average volume of 93,452. 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 market capitalization of $7.77 billion, a PE ratio of 16.38 and a beta of 0.49. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $835.10. The business has a 50-day moving average price of $741.98 and a 200-day moving average price of $644.02.

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

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. NewMarket's dividend payout ratio (DPR) is presently 21.80%.

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.