823 Shares in NewMarket Co. (NYSE:NEU) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in NewMarket Co. (NYSE:NEU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 823 shares of the specialty chemicals company's stock, valued at approximately $438,000.

Several other hedge funds also recently modified their holdings of NEU. Bessemer Group Inc. grew its position in 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 purchasing an additional 30 shares during the period. Eagle Bay Advisors LLC acquired a new stake in NewMarket in the 4th quarter valued at $40,000. Centricity Wealth Management LLC acquired a new stake in NewMarket in the 4th quarter valued at $56,000. Blue Trust Inc. grew its position in NewMarket by 55.3% in the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock valued at $65,000 after purchasing an additional 42 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in NewMarket in the 4th quarter valued at $74,000. Institutional investors own 61.09% of the company's stock.

NewMarket Stock Down 0.0%

NYSE NEU traded down $0.06 during mid-day trading on Tuesday, hitting $636.59. The company's stock had a trading volume of 4,136 shares, compared to its average volume of 36,317. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 13.20 and a beta of 0.41. The company's 50 day simple moving average is $567.12 and its 200 day simple moving average is $542.60. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $645.00.

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. The firm had revenue of $700.95 million for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 1.73%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

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.