Vanguard Group Inc. Acquires 13,411 Shares of NewMarket Corporation $NEU

Key Points

• Vanguard Group Inc. increased its stake in NewMarket Corporation by 1.8%, owning 744,723 shares worth approximately $421.85 million as of the latest SEC filing.
• NewMarket announced a quarterly dividend of $2.75 per share, with an annualized dividend of $11.00 and a dividend yield of 1.4%.
• The company reported $11.84 earnings per share for the last quarter, with a revenue of $698.51 million and a net margin of 17.28%.

Vanguard Group Inc. increased its stake in NewMarket Corporation (NYSE:NEU - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,723 shares of the specialty chemicals company's stock after acquiring an additional 13,411 shares during the period. Vanguard Group Inc. owned about 7.89% of NewMarket worth $421,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted 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 valued at $25,000 after acquiring an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of NewMarket by 557.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 39 shares during 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. Private Trust Co. NA lifted its stake in shares of NewMarket by 185.2% in the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 50 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of NewMarket by 39.2% in 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 during the last quarter. Institutional investors own 61.09% of the company's stock.

NewMarket Trading Up 1.6%

NEU traded up $12.4470 during midday trading on Wednesday, reaching $791.2370. 112,795 shares of the company's stock traded hands, compared to its average volume of 74,525. The firm has a fifty day moving average of $713.03 and a two-hundred day moving average of $624.99. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 15.68 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $794.46.

NewMarket (NYSE:NEU - Get Free Report) last released 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 during the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a yield of 1.4%. NewMarket's dividend payout ratio is presently 21.80%.

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.