Pacer Advisors Inc. Sells 131,460 Shares of NewMarket Corporation (NYSE:NEU)

Key Points

• Pacer Advisors Inc. reduced its stake in NewMarket Corporation by 66.4%, selling 131,460 shares and retaining 66,605 shares valued at approximately $37.7 million.
• MassMutual Private Wealth & Trust FSB significantly increased its holdings in NewMarket by 557.1%, now owning 46 shares after purchasing an additional 39 shares.
• NewMarket reported an EPS of $13.26 and revenue of $700.95 million for the last quarter, with a net margin of 17.22% and return on equity of 34.45%.

Pacer Advisors Inc. reduced its position in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 66.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,605 shares of the specialty chemicals company's stock after selling 131,460 shares during the period. Pacer Advisors Inc. owned 0.71% of NewMarket worth $37,728,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of NewMarket in the fourth quarter valued at $1,613,000. American Century Companies Inc. grew its stake in shares of NewMarket by 147.2% in the fourth quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company's stock worth $25,211,000 after purchasing an additional 28,417 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of NewMarket during the fourth quarter worth about $1,698,000. LPL Financial LLC grew its stake in NewMarket by 49.2% during the fourth quarter. LPL Financial LLC now owns 4,145 shares of the specialty chemicals company's stock worth $2,190,000 after purchasing an additional 1,367 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of NewMarket by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company's stock valued at $386,389,000 after buying an additional 8,951 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Insider Transactions at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the transaction, the chief accounting officer owned 358 shares in the company, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 19.10% of the company's stock.

NewMarket Trading Down 0.5%

NEU traded down $3.72 on Wednesday, hitting $683.93. 44,426 shares of the company were exchanged, compared to its average volume of 74,905. The stock has a market capitalization of $6.45 billion, a PE ratio of 13.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.84. The firm has a fifty day simple moving average of $682.50 and a two-hundred day simple moving average of $599.06. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $743.52.

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.