SG Americas Securities LLC Invests $399,000 in NewMarket Corporation (NYSE:NEU)

SG Americas Securities LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 704 shares of the specialty chemicals company's stock, valued at approximately $399,000.

A number of other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. raised its stake in shares of NewMarket by 10.9% during the fourth quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company's stock valued at $189,000 after purchasing an additional 35 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in NewMarket by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 851 shares of the specialty chemicals company's stock worth $426,000 after acquiring an additional 41 shares during the period. Global Retirement Partners LLC grew its holdings in NewMarket by 30.1% during the fourth quarter. Global Retirement Partners LLC now owns 557 shares of the specialty chemicals company's stock worth $294,000 after acquiring an additional 129 shares during the period. Handelsbanken Fonder AB grew its holdings in NewMarket by 4.3% during the fourth quarter. Handelsbanken Fonder AB now owns 2,400 shares of the specialty chemicals company's stock worth $1,268,000 after acquiring an additional 100 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in 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 during the period. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Price Performance

NYSE:NEU opened at $685.95 on Wednesday. The business's 50-day moving average price is $630.28 and its 200 day moving average price is $565.14. The firm has a market cap of $6.47 billion, a P/E ratio of 13.65 and a beta of 0.41. NewMarket Corporation has a 52-week low of $480.00 and a 52-week high of $690.73. The company has a quick ratio of 1.60, a current ratio of 2.84 and a debt-to-equity ratio of 0.65.

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

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $2.75 dividend. The ex-dividend date is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a yield of 1.60%. NewMarket's dividend payout ratio is currently 21.89%.

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the transaction, the chief accounting officer now owns 358 shares of the company's stock, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is currently 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.

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