Robeco Institutional Asset Management B.V. Sells 15,709 Shares of NewMarket Corporation (NYSE:NEU)

Robeco Institutional Asset Management B.V. reduced its holdings in NewMarket Corporation (NYSE:NEU - Free Report) by 60.2% during the 1st quarter, according to its most recent disclosure 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 period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of NewMarket worth $5,882,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of NewMarket by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 731,312 shares of the specialty chemicals company's stock worth $386,389,000 after buying an additional 8,951 shares during the period. Dimensional Fund Advisors LP boosted its stake in NewMarket by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company's stock worth $89,938,000 after acquiring an additional 4,621 shares during the last quarter. Geode Capital Management LLC grew its holdings in NewMarket by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 124,387 shares of the specialty chemicals company's stock valued at $65,741,000 after purchasing an additional 1,733 shares during the period. GAMMA Investing LLC increased its stake in NewMarket by 54,160.0% in the first quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company's stock valued at $58,398,000 after purchasing an additional 102,904 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NewMarket by 20.6% in 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 purchasing an additional 15,694 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 1.9%

Shares of NYSE NEU traded up $13.24 during midday trading on Tuesday, reaching $704.10. 155,655 shares of the stock were exchanged, compared to its average volume of 73,722. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $706.53. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 14.01 and a beta of 0.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.84 and a quick ratio of 1.60. The business has a 50-day simple moving average of $639.99 and a two-hundred day simple moving average of $569.34.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is currently 21.89%.

Insider Buying and Selling at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the completion of the sale, the chief accounting officer directly owned 358 shares of the company's stock, valued at approximately $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is owned by company insiders.

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.