Knights of Columbus Asset Advisors LLC Buys New Stake in NewMarket Corporation $NEU

Knights of Columbus Asset Advisors LLC acquired a new stake in NewMarket Corporation (NYSE:NEU) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,419 shares of the specialty chemicals company’s stock, valued at approximately $1,175,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in NewMarket by 3.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 779 shares of the specialty chemicals company’s stock valued at $645,000 after acquiring an additional 28 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of NewMarket by 0.7% in the third quarter. Retirement Systems of Alabama now owns 30,630 shares of the specialty chemicals company’s stock valued at $25,368,000 after purchasing an additional 205 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in shares of NewMarket by 3.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 1,365 shares of the specialty chemicals company’s stock valued at $1,131,000 after purchasing an additional 43 shares in the last quarter. JLB & Associates Inc. increased its stake in NewMarket by 6.2% during the 3rd quarter. JLB & Associates Inc. now owns 445 shares of the specialty chemicals company’s stock worth $369,000 after buying an additional 26 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in NewMarket by 2.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,138 shares of the specialty chemicals company’s stock worth $5,912,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NewMarket in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

NewMarket Price Performance

Shares of NEU opened at $670.17 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.68 and a quick ratio of 1.43. NewMarket Corporation has a 1-year low of $480.57 and a 1-year high of $875.97. The stock has a market cap of $6.30 billion, a PE ratio of 14.16 and a beta of 0.49. The firm has a fifty day moving average price of $711.20 and a 200 day moving average price of $755.52.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 EPS for the quarter. The company had revenue of $690.31 million for the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.