UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 2,165 Shares of NewMarket Co. (NYSE:NEU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NewMarket Co. (NYSE:NEU - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,273 shares of the specialty chemicals company's stock after purchasing an additional 2,165 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of NewMarket worth $10,711,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of NewMarket by 0.6% during the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after acquiring an additional 20 shares during the period. Atria Investments Inc increased its stake in shares of NewMarket by 1.6% in the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock worth $688,000 after purchasing an additional 20 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of NewMarket by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company's stock worth $825,000 after purchasing an additional 26 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of NewMarket by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares in the last quarter. Finally, Bessemer Group Inc. increased 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 purchasing an additional 30 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.

Insider Activity

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

NewMarket Price Performance

Shares of NEU traded down $0.25 during midday trading on Monday, hitting $643.81. 32,864 shares of the company traded hands, compared to its average volume of 36,572. The firm has a 50 day moving average of $596.46 and a 200-day moving average of $552.26. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $653.71. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 13.35 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. The business had revenue of $700.95 million during the quarter.

NewMarket Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is 21.89%.

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.