Inceptionr LLC Invests $490,000 in NewMarket Corporation $NEU

Inceptionr LLC purchased a new position in shares of NewMarket Corporation (NYSE:NEU) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 764 shares of the specialty chemicals company’s stock, valued at approximately $490,000.

Several other institutional investors have also added to or reduced their stakes in NEU. Bank of Nova Scotia raised its stake in NewMarket by 18.0% in the 1st quarter. Bank of Nova Scotia now owns 7,200 shares of the specialty chemicals company’s stock worth $4,615,000 after purchasing an additional 1,100 shares in the last quarter. Sei Investments Co. grew its position in shares of NewMarket by 376.5% during the 1st quarter. Sei Investments Co. now owns 24,416 shares of the specialty chemicals company’s stock worth $15,648,000 after purchasing an additional 19,292 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of NewMarket by 54.1% during the first quarter. NewEdge Wealth LLC now owns 3,032 shares of the specialty chemicals company’s stock worth $1,943,000 after purchasing an additional 1,064 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of NewMarket by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 194,507 shares of the specialty chemicals company’s stock worth $124,658,000 after purchasing an additional 12,172 shares during the period. Finally, SEB Asset Management AB acquired a new stake in shares of NewMarket in the first quarter valued at approximately $2,065,000. 61.09% of the stock is currently owned by institutional investors.

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 MarketBeat, NewMarket presently has a consensus rating of “Buy”.

NewMarket Stock Performance

Shares of NewMarket stock opened at $779.99 on Friday. NewMarket Corporation has a fifty-two week low of $580.03 and a fifty-two week high of $875.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37. The firm has a market capitalization 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 released its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. The company had revenue of $669.72 million during the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Company 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.