Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in NewMarket Corporation $NEU

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in NewMarket Corporation (NYSE:NEU) by 269.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,982 shares of the specialty chemicals company’s stock after buying an additional 5,092 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of NewMarket worth $4,824,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Impala Asset Management LLC bought a new position in NewMarket in the 1st quarter worth about $36,819,000. American Century Companies Inc. boosted its position in shares of NewMarket by 120.3% during the 1st quarter. American Century Companies Inc. now owns 105,120 shares of the specialty chemicals company’s stock valued at $59,545,000 after acquiring an additional 57,403 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of NewMarket during the first quarter worth about $19,348,000. Geode Capital Management LLC grew its holdings in shares of NewMarket by 20.1% during the second quarter. Geode Capital Management LLC now owns 156,613 shares of the specialty chemicals company’s stock worth $108,212,000 after purchasing an additional 26,254 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of NewMarket by 70,700.0% in the first quarter. Jones Financial Companies Lllp now owns 15,576 shares of the specialty chemicals company’s stock worth $8,823,000 after purchasing an additional 15,554 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE:NEU opened at $740.83 on Friday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 14.68 and a beta of 0.46. The business has a 50 day moving average of $790.22 and a 200 day moving average of $739.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $875.97.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 EPS for the quarter. The business had revenue of $690.31 million for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%.

NewMarket Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 15th. This is a boost from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s dividend payout ratio is 25.35%.

Analyst Ratings Changes

NEU has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NewMarket in a research report on Monday, November 17th. Wall Street Zen cut shares of NewMarket from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.