UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,273 shares of the specialty chemicals company's stock after acquiring an additional 2,165 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of NewMarket worth $10,711,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WBI Investments LLC bought a new position in shares of NewMarket during the fourth quarter worth $375,000. Squarepoint Ops LLC raised its holdings in shares of NewMarket by 126.9% during the fourth quarter. Squarepoint Ops LLC now owns 3,769 shares of the specialty chemicals company's stock worth $1,991,000 after acquiring an additional 2,108 shares during the period. Two Sigma Investments LP acquired a new stake in NewMarket in the 4th quarter valued at $2,798,000. Tidal Investments LLC increased its stake in NewMarket by 26.5% in the 4th quarter. Tidal Investments LLC now owns 1,080 shares of the specialty chemicals company's stock valued at $571,000 after buying an additional 226 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC increased its stake in NewMarket by 15.5% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 812 shares of the specialty chemicals company's stock valued at $429,000 after buying an additional 109 shares during the last quarter. 61.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Research Report on NEU
NewMarket Stock Performance
Shares of NEU stock traded down $7.67 during midday trading on Wednesday, hitting $630.50. 48,815 shares of the company were exchanged, compared to its average volume of 36,588. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The firm has a market capitalization of $5.95 billion, a P/E ratio of 13.08 and a beta of 0.41. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $653.71. The firm's 50 day moving average price is $599.88 and its two-hundred day moving average price is $553.52.
NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. The firm had revenue of $700.95 million during the quarter.
NewMarket Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, June 16th. NewMarket's dividend payout ratio (DPR) is presently 21.89%.
Insider Buying and Selling
In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total transaction of $199,795.73. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.10% of the stock is owned by corporate insiders.
NewMarket Profile
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Free Report)
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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