Caxton Associates LLP Acquires 1,446 Shares of NewMarket Corporation $NEU

Caxton Associates LLP raised its holdings in NewMarket Corporation (NYSE:NEU) by 180.8% in the first quarter, HoldingsChannel.com reports. The firm owned 2,246 shares of the specialty chemicals company’s stock after purchasing an additional 1,446 shares during the quarter. Caxton Associates LLP’s holdings in NewMarket were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 39 shares in the last quarter. NewEdge Advisors LLC grew its position in NewMarket by 1,442.4% during the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock worth $288,000 after buying an additional 476 shares in the last quarter. United Services Automobile Association bought a new position in NewMarket during the 1st quarter worth $266,000. Empowered Funds LLC increased its stake 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NewMarket by 9.8% in 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 acquiring an additional 1,995 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 upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

NewMarket Price Performance

NEU stock 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. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $875.97. The firm has a market cap of $7.18 billion, a P/E ratio of 17.82 and a beta of 0.56. 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 issued its earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS 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.

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.