Royce & Associates LP Buys 5,165 Shares of NewMarket Corporation (NYSE:NEU)

Key Points

• Royce & Associates LP increased its stake in NewMarket Corporation by 64.6%, acquiring an additional 5,165 shares for a total of 13,165 shares worth approximately $7.46 million.
• GAMMA Investing LLC significantly boosted its position in NewMarket by 54,160%, purchasing 102,904 shares, bringing its total to 103,094 shares valued at around $58.4 million.
• NewMarket reported a quarterly earnings results with an EPS of $13.26 and revenue of $700.95 million, showcasing a net margin of 17.22%.

Royce & Associates LP increased its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 64.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,165 shares of the specialty chemicals company's stock after acquiring an additional 5,165 shares during the quarter. Royce & Associates LP owned 0.14% of NewMarket worth $7,457,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in NewMarket by 39.2% during the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 29 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 30 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of NewMarket by 557.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of NewMarket by 6.3% in the 1st quarter. Alps Advisors Inc. now owns 675 shares of the specialty chemicals company's stock worth $382,000 after acquiring an additional 40 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of NewMarket by 3.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,310 shares of the specialty chemicals company's stock worth $742,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

NewMarket Stock Down 0.3%

Shares of NYSE NEU traded down $1.85 during trading on Wednesday, hitting $685.81. The stock had a trading volume of 41,983 shares, compared to its average volume of 74,882. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $743.52. 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 company has a market capitalization of $6.47 billion, a PE ratio of 13.62 and a beta of 0.42. The firm has a fifty day moving average of $682.50 and a two-hundred day moving average of $599.06.

Insider Activity

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the company'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 sale, the chief accounting officer owned 358 shares in the company, valued at $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.10% of the stock is currently owned by 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.