Universal Beteiligungs und Servicegesellschaft mbH Invests $1.07 Million in NewMarket Corporation (NYSE:NEU)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in NewMarket Corporation (NYSE:NEU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,890 shares of the specialty chemicals company's stock, valued at approximately $1,071,000.

A number of other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of NewMarket by 557.1% in the first 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 during the last quarter. Bessemer Group Inc. grew its stake in shares of NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 30 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of NewMarket by 185.2% during the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 50 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in shares of NewMarket by 7,700.0% in the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 77 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of 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 acquiring an additional 29 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

Insider Activity at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer directly owned 358 shares of the company's stock, valued at $229,989.94. This trade represents a 46.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 19.10% of the company's stock.

NewMarket Trading Up 1.8%

Shares of NEU stock opened at $699.10 on Friday. NewMarket Corporation has a twelve month low of $480.00 and a twelve month high of $743.52. The stock's fifty day simple moving average is $685.20 and its 200 day simple moving average is $602.32. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $6.59 billion, a P/E ratio of 13.86 and a beta of 0.45.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 EPS for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%. The firm had revenue of $698.51 million for the quarter.

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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