NewMarket Corporation (NYSE:NEU) Short Interest Update

NewMarket Corporation (NYSE:NEU) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 368,427 shares, a growth of 19.9% from the January 15th total of 307,236 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily trading volume, of 140,350 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 140,350 shares, the short-interest ratio is currently 2.6 days. Currently, 4.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 39 shares during the period. NewEdge Advisors LLC lifted its stake 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 during the period. United Services Automobile Association purchased a new stake in shares of NewMarket in the first quarter valued at about $266,000. Empowered Funds LLC boosted its holdings in shares of NewMarket by 4.8% in the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after acquiring an additional 72 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NewMarket by 9.8% during the first 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 worth $12,614,000 after acquiring an additional 1,995 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

NewMarket Trading Up 1.3%

Shares of NewMarket stock opened at $607.40 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. The company has a market capitalization of $5.71 billion, a P/E ratio of 13.67 and a beta of 0.48. NewMarket has a 1 year low of $510.07 and a 1 year high of $875.97. The company’s fifty day moving average is $686.46 and its two-hundred day moving average is $751.31.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 EPS for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%. The business had revenue of $635.40 million during the quarter.

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.