NewMarket Co. (NYSE:NEU) Shares Bought by Ethic Inc.

Ethic Inc. increased its holdings in NewMarket Co. (NYSE:NEU) by 29.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,007 shares of the specialty chemicals company’s stock after purchasing an additional 456 shares during the quarter. Ethic Inc.’s holdings in NewMarket were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEU. Assetmark Inc. lifted its position in shares of NewMarket by 0.6% during the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company’s stock valued at $1,647,000 after acquiring an additional 20 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of NewMarket by 1.6% during the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company’s stock valued at $688,000 after purchasing an additional 20 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of NewMarket by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,561 shares of the specialty chemicals company’s stock valued at $825,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC increased its stake in NewMarket by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company’s stock worth $388,000 after purchasing an additional 30 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake 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 buying an additional 30 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Trading Down 0.7%

Shares of NYSE NEU opened at $632.51 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. NewMarket Co. has a one year low of $480.00 and a one year high of $645.00. The business has a 50-day moving average price of $567.12 and a two-hundred day moving average price of $542.60. The firm has a market capitalization of $5.97 billion, a PE ratio of 13.12 and a beta of 0.41.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%. The firm had revenue of $700.95 million for the quarter.

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, June 16th. NewMarket’s dividend payout ratio is 21.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

About NewMarket

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.