SG Americas Securities LLC reduced its stake in NewMarket Co. (NYSE:NEU - Free Report) by 92.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208 shares of the specialty chemicals company's stock after selling 2,721 shares during the period. SG Americas Securities LLC's holdings in NewMarket were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of NewMarket by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 717,923 shares of the specialty chemicals company's stock worth $326,684,000 after acquiring an additional 40,028 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in NewMarket by 82.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,416 shares of the specialty chemicals company's stock valued at $1,100,000 after purchasing an additional 1,095 shares during the last quarter. American Century Companies Inc. lifted its stake in NewMarket by 28.1% during the third quarter. American Century Companies Inc. now owns 3,699 shares of the specialty chemicals company's stock valued at $1,683,000 after purchasing an additional 811 shares during the last quarter. Creative Planning lifted its stake in NewMarket by 27.8% during the third quarter. Creative Planning now owns 869 shares of the specialty chemicals company's stock valued at $395,000 after purchasing an additional 189 shares during the last quarter. Finally, Toroso Investments LLC lifted its stake in NewMarket by 14.4% during the third quarter. Toroso Investments LLC now owns 1,214 shares of the specialty chemicals company's stock valued at $552,000 after purchasing an additional 153 shares during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.
NewMarket Price Performance
NEU stock traded up $2.72 on Friday, hitting $586.10. 43,994 shares of the company's stock traded hands, compared to its average volume of 43,257. NewMarket Co. has a 1-year low of $362.16 and a 1-year high of $650.00. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 14.50 and a beta of 0.45. The stock has a fifty day moving average of $615.62 and a 200-day moving average of $557.38. 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 issued its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. The business had revenue of $643.35 million during the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%.
NewMarket Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, March 14th. This is an increase from NewMarket's previous quarterly dividend of $2.25. NewMarket's dividend payout ratio is 24.73%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 4th.
Read Our Latest Report on NewMarket
About NewMarket
(
Free Report)
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.
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