Ethic Inc. Has $1.47 Million Holdings in NewMarket Corporation $NEU

Key Points

• Ethic Inc. has increased its position in NewMarket Corporation shares by 29.1%, now holding a total of 2,591 shares worth approximately $1.47 million.
• Multiple institutional investors significantly raised their stakes in NewMarket in the first quarter, with MassMutual Private Wealth & Trust FSB increasing its stake by an impressive 557.1%.
• NewMarket Corporation announced a $2.75 quarterly dividend with an annualized yield of 1.4%, payable on October 1st to investors of record as of September 15th.

Ethic Inc. increased its position in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 29.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,591 shares of the specialty chemicals company's stock after acquiring an additional 584 shares during the period. Ethic Inc.'s holdings in NewMarket were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 39 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in NewMarket by 587.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 47 shares in the last quarter. Private Trust Co. NA boosted its position in NewMarket by 185.2% in the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 50 shares in the last quarter. Whipplewood Advisors LLC boosted its position in NewMarket by 7,700.0% in the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 77 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in NewMarket by 39.2% in the first quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $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.

NewMarket Price Performance

NewMarket stock traded down $4.7440 during mid-day trading on Friday, reaching $795.9560. The company had a trading volume of 88,098 shares, compared to its average volume of 85,236. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $806.98. 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 company has a market cap of $7.48 billion, a P/E ratio of 15.78 and a beta of 0.45. The business has a fifty day simple moving average of $718.87 and a 200 day simple moving average of $630.80.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $2.75 per share. 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 payout ratio is 21.80%.

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.