1,890 Shares in NewMarket Corporation (NYSE:NEU) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 1,890 shares of NewMarket Corporation (NYSE:NEU) valued at approximately $1,071,000 during the first quarter.
• A number of institutional investors increased their stakes in NewMarket, with Allspring Global Investments Holdings LLC raising its holdings by 8.9%, now owning over 185,858 shares valued at $105.3 million.
• NewMarket's stock price increased by $12.10 to reach $699.10, with a 12-month high of $743.52 and a market capitalization of $6.59 billion.

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

A number of other institutional investors have also recently modified their holdings of NEU. Allianz Asset Management GmbH lifted its position in shares of NewMarket by 15.1% during the 1st quarter. Allianz Asset Management GmbH now owns 3,993 shares of the specialty chemicals company's stock worth $2,262,000 after buying an additional 523 shares during the last quarter. Gallacher Capital Management LLC grew its stake in NewMarket by 77.4% during the first quarter. Gallacher Capital Management LLC now owns 1,196 shares of the specialty chemicals company's stock worth $678,000 after purchasing an additional 522 shares during the period. Larson Financial Group LLC grew its stake in NewMarket by 23.6% during the first quarter. Larson Financial Group LLC now owns 613 shares of the specialty chemicals company's stock worth $347,000 after purchasing an additional 117 shares during the period. CWM LLC grew its stake in NewMarket by 546.7% during the first quarter. CWM LLC now owns 291 shares of the specialty chemicals company's stock worth $165,000 after purchasing an additional 246 shares during the period. Finally, Cerity Partners LLC acquired a new stake in NewMarket in the first quarter valued at approximately $293,000. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 0.6%

Shares of NEU stock traded up $4.51 during trading hours on Tuesday, reaching $710.75. The company had a trading volume of 19,102 shares, compared to its average volume of 74,885. 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 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The business has a fifty day simple moving average of $685.20 and a 200-day simple moving average of $603.80. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 14.09 and a beta of 0.45.

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

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket 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 sale, the chief accounting officer directly owned 358 shares in the company, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.10% of the company's stock.

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.