International Assets Investment Management LLC Purchases 21,248 Shares of NewMarket Co. (NYSE:NEU)

International Assets Investment Management LLC grew its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 54,482.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,287 shares of the specialty chemicals company's stock after acquiring an additional 21,248 shares during the period. International Assets Investment Management LLC owned about 0.22% of NewMarket worth $11,619,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NEU. Ronald Blue Trust Inc. acquired a new position in NewMarket during the 3rd quarter worth $27,000. FSC Wealth Advisors LLC acquired a new position in shares of NewMarket in the 4th quarter valued at about $39,000. Hanseatic Management Services Inc. acquired a new position in shares of NewMarket in the 3rd quarter valued at about $41,000. UMB Bank n.a. acquired a new position in shares of NewMarket in the 3rd quarter valued at about $47,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of NewMarket in the 2nd quarter valued at about $48,000. 61.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Sunday, February 4th.

NewMarket Stock Performance

NYSE:NEU traded down $7.35 during mid-day trading on Friday, hitting $592.74. The stock had a trading volume of 47,670 shares, compared to its average volume of 37,419. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 14.66 and a beta of 0.45. The company has a 50 day simple moving average of $615.49 and a 200-day simple moving average of $552.81. NewMarket Co. has a 52 week low of $362.16 and a 52 week high of $650.00. The company has a current ratio of 2.85, a quick ratio of 1.60 and a debt-to-equity ratio of 0.60.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%. The company had revenue of $643.35 million for the quarter.

NewMarket Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from NewMarket's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 14th. NewMarket's payout ratio is 24.73%.

About NewMarket

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.