Susquehanna Fundamental Investments LLC Takes Position in NewMarket Co. (NYSE:NEU)

Susquehanna Fundamental Investments LLC purchased a new position in shares of NewMarket Co. (NYSE:NEU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,403 shares of the specialty chemicals company's stock, valued at approximately $1,798,000.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in NewMarket in the fourth quarter valued at about $40,000. Centricity Wealth Management LLC bought a new position in NewMarket in the fourth quarter valued at about $56,000. Blue Trust Inc. raised its stake in NewMarket by 55.3% during the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock worth $65,000 after acquiring an additional 42 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of NewMarket in the fourth quarter worth about $74,000. 61.09% of the stock is owned by institutional investors.

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 Price Performance

Shares of NYSE:NEU traded down $2.96 during trading on Tuesday, hitting $623.03. 3,875 shares of the company were exchanged, compared to its average volume of 36,205. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. 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 $5.88 billion, a P/E ratio of 12.91 and a beta of 0.41. The business's 50 day moving average is $560.05 and its 200-day moving average is $538.91.

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 firm had revenue of $700.95 million for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, June 16th. NewMarket's dividend payout ratio (DPR) is presently 21.89%.

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.