Susquehanna Fundamental Investments LLC Purchases New Stake in NewMarket Co. (NYSE:NEU)

Susquehanna Fundamental Investments LLC bought a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,403 shares of the specialty chemicals company's stock, valued at approximately $1,798,000.

Several other institutional investors also recently bought and sold shares of NEU. Barclays PLC increased its holdings in NewMarket by 34.5% during the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock worth $2,656,000 after purchasing an additional 1,235 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of NewMarket during the fourth quarter worth approximately $252,000. Empowered Funds LLC increased its stake in shares of NewMarket by 61.3% during the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after buying an additional 566 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in NewMarket by 5.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after acquiring an additional 55 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in NewMarket by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock worth $27,917,000 after acquiring an additional 722 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Up 0.9 %

Shares of NYSE:NEU traded up $5.41 on Friday, hitting $627.19. 43,989 shares of the company's stock were exchanged, compared to its average volume of 36,355. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $637.16. The company has a market capitalization of $5.92 billion, a PE ratio of 13.01 and a beta of 0.41. The firm's 50-day moving average is $558.79 and its 200 day moving average is $538.14.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. The company 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a $2.75 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a yield of 1.75%. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.