Principal Financial Group Inc. Purchases 643 Shares of NewMarket Corporation $NEU

Principal Financial Group Inc. raised its position in NewMarket Corporation (NYSE:NEU) by 3.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 17,363 shares of the specialty chemicals company’s stock after purchasing an additional 643 shares during the quarter. Principal Financial Group Inc.’s holdings in NewMarket were worth $11,129,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 39 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of NewMarket by 1,442.4% in the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock worth $288,000 after acquiring an additional 476 shares in the last quarter. United Services Automobile Association bought a new stake in NewMarket during the 1st quarter worth approximately $266,000. Empowered Funds LLC grew its position in NewMarket by 4.8% during the 1st quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after acquiring an additional 72 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NewMarket by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock valued at $12,614,000 after purchasing an additional 1,995 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Up 1.3%

Shares of NYSE:NEU opened at $779.99 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54. The firm has a market cap of $7.18 billion, a P/E ratio of 17.82 and a beta of 0.56. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $875.97. The company’s 50-day moving average price is $777.63 and its two-hundred day moving average price is $696.02.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share for the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%. The company had revenue of $669.72 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, NewMarket currently has an average rating of “Buy”.

About NewMarket

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.