Tower Research Capital LLC TRC Sells 1,956 Shares of NewMarket Co. (NYSE:NEU)

Tower Research Capital LLC TRC trimmed its stake in shares of NewMarket Co. (NYSE:NEU - Free Report) by 77.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 554 shares of the specialty chemicals company's stock after selling 1,956 shares during the period. Tower Research Capital LLC TRC's holdings in NewMarket were worth $293,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in NewMarket in the fourth quarter valued at approximately $40,000. Centricity Wealth Management LLC acquired a new stake in NewMarket in the fourth quarter worth about $56,000. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 42 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in NewMarket in the fourth quarter valued at approximately $74,000. Institutional investors own 61.09% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

NewMarket Stock Performance

NYSE NEU opened at $627.19 on Friday. The stock's 50 day simple moving average is $558.79 and its 200-day simple moving average is $538.08. The company has a market cap of $5.92 billion, a PE ratio of 13.01 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $637.16.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. The company had revenue of $700.95 million for the quarter.

NewMarket Announces Dividend

The firm 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 annualized dividend and a yield of 1.75%. NewMarket's dividend payout ratio (DPR) is 21.89%.

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.

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