Robeco Institutional Asset Management B.V. Lowers Holdings in NewMarket Corporation (NYSE:NEU)

Robeco Institutional Asset Management B.V. cut its position in NewMarket Corporation (NYSE:NEU - Free Report) by 60.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,384 shares of the specialty chemicals company's stock after selling 15,709 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.11% of NewMarket worth $5,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in shares of NewMarket by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 851 shares of the specialty chemicals company's stock valued at $426,000 after buying an additional 41 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NewMarket by 20.6% during the fourth quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock worth $48,542,000 after acquiring an additional 15,694 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of NewMarket by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after acquiring an additional 26 shares during the period. Proficio Capital Partners LLC bought a new position in shares of NewMarket in the fourth quarter worth $8,933,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of NewMarket in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Price Performance

NEU traded up $17.18 during trading on Friday, reaching $737.28. 116,709 shares of the company were exchanged, compared to its average volume of 51,996. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $737.28. The company's 50-day moving average is $650.90 and its two-hundred day moving average is $573.98. The company has a quick ratio of 1.60, a current ratio of 2.84 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 14.68 and a beta of 0.42.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The business had revenue of $700.95 million for the quarter. NewMarket had a net margin of 17.22% and a return on equity of 34.45%.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, June 16th. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

Insiders Place Their Bets

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket 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 transaction, the chief accounting officer directly owned 358 shares of the company's stock, valued at $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.10% of the stock is owned by corporate insiders.

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.