Gotham Asset Management LLC Has $3.94 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

Gotham Asset Management LLC lowered its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 47.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,461 shares of the specialty chemicals company's stock after selling 6,817 shares during the period. Gotham Asset Management LLC owned 0.08% of NewMarket worth $3,942,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of NewMarket by 166.7% during the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 30 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of NewMarket in the fourth quarter valued at about $56,000. Kapitalo Investimentos Ltda acquired a new stake in NewMarket in the 4th quarter worth about $59,000. Blue Trust Inc. boosted its holdings 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 position in shares of NewMarket during the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Price Performance

Shares of NewMarket stock traded up $1.05 on Tuesday, reaching $651.86. 1,918 shares of the stock were exchanged, compared to its average volume of 44,600. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The firm has a market cap of $6.15 billion, a PE ratio of 13.52 and a beta of 0.41. The firm's 50 day moving average is $577.09 and its 200-day moving average is $546.46. NewMarket Co. has a one year low of $480.00 and a one year high of $653.71.

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

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket's dividend payout ratio is presently 21.89%.

Insiders Place Their Bets

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total transaction of $199,795.73. Following the sale, the chief accounting officer now owns 358 shares of the company's stock, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 19.10% of the company's stock.

Analyst Upgrades and Downgrades

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

NewMarket 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.