Nisa Investment Advisors LLC Has $1.67 Million Position in NewMarket Corporation $NEU

Key Points

• Nisa Investment Advisors reduced its stake by 41.3%, selling 1,702 shares in Q4 and leaving it with 2,416 shares of NewMarket valued at about $1.668 million.
• Insider purchase: Director Ting Xu bought 400 shares on Feb. 24 at an average price of $619.21 (≈$247,684), increasing their holding to 929 shares—a 75.61% rise.
• Company results and payout: NewMarket reported $8.65 EPS and $635.4 million in quarterly revenue; it pays a $3.00 quarterly dividend ($12.00 annualized, ~1.9% yield) and trades at a ~14.33 P/E with a $5.98 billion market cap.

Nisa Investment Advisors LLC reduced its stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,416 shares of the specialty chemicals company's stock after selling 1,702 shares during the period. Nisa Investment Advisors LLC's holdings in NewMarket were worth $1,668,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in NewMarket by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 39,452 shares of the specialty chemicals company's stock valued at $32,675,000 after purchasing an additional 1,192 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in shares of NewMarket during the 3rd quarter worth about $2,321,000. Monument Capital Management acquired a new stake in shares of NewMarket during the 3rd quarter valued at about $2,548,000. Advisors Asset Management Inc. lifted its holdings in shares of NewMarket by 221.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,662 shares of the specialty chemicals company's stock valued at $2,205,000 after buying an additional 1,834 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NewMarket by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company's stock valued at $148,820,000 after buying an additional 2,049 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ting Xu bought 400 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $619.21 per share, with a total value of $247,684.00. Following the completion of the transaction, the director owned 929 shares of the company's stock, valued at $575,246.09. The trade was a 75.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company's stock.

NewMarket Trading Up 0.1%

NewMarket stock opened at $636.42 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The business's 50-day simple moving average is $635.92 and its 200-day simple moving average is $713.53. The firm has a market capitalization of $5.98 billion, a PE ratio of 14.33 and a beta of 0.48. NewMarket Corporation has a 52 week low of $510.07 and a 52 week high of $875.97.

NewMarket (NYSE:NEU - Get Free Report) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The firm had revenue of $635.40 million during the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a $3.00 dividend. The ex-dividend date was Monday, March 16th. This represents a $12.00 annualized dividend and a dividend yield of 1.9%. NewMarket's dividend payout ratio (DPR) is presently 27.01%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of NewMarket from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NewMarket has a consensus rating of "Hold".

About NewMarket

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.

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