International Assets Investment Management LLC Has $11.62 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

International Assets Investment Management LLC lifted its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 54,482.1% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.22% of NewMarket worth $11,619,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in NewMarket by 7.5% in the third quarter. Commonwealth Equity Services LLC now owns 1,995 shares of the specialty chemicals company's stock valued at $908,000 after acquiring an additional 139 shares during the period. Xponance Inc. increased its stake in NewMarket by 3.1% in the third quarter. Xponance Inc. now owns 805 shares of the specialty chemicals company's stock valued at $366,000 after acquiring an additional 24 shares during the period. Maryland State Retirement & Pension System acquired a new position in NewMarket in the third quarter valued at about $206,000. Bank of New York Mellon Corp boosted its position in NewMarket by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 97,587 shares of the specialty chemicals company's stock valued at $44,406,000 after buying an additional 1,787 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in NewMarket by 8.1% in the third quarter. New York State Teachers Retirement System now owns 8,893 shares of the specialty chemicals company's stock valued at $4,047,000 after buying an additional 664 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 1.2 %

Shares of NYSE:NEU traded up $6.65 during trading on Monday, hitting $553.54. 26,119 shares of the company's stock were exchanged, compared to its average volume of 43,548. The firm has a 50-day moving average price of $604.77 and a two-hundred day moving average price of $565.43. NewMarket Co. has a 1-year low of $387.16 and a 1-year high of $650.00. The firm has a market cap of $5.31 billion, a P/E ratio of 13.16 and a beta of 0.51. The company has a current ratio of 2.86, a quick ratio of 1.60 and a debt-to-equity ratio of 1.11.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. The business had revenue of $696.74 million for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%.

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $2.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $10.00 annualized dividend and a yield of 1.81%. NewMarket's dividend payout ratio is currently 24.06%.

Analyst Upgrades and Downgrades

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

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.