NewMarket Corporation $NEU Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in NewMarket Corporation (NYSE:NEU) by 60.8% during the 1st quarter, Holdings Channel reports. The fund owned 30,292 shares of the specialty chemicals company’s stock after selling 46,953 shares during the period. First Trust Advisors LP’s holdings in NewMarket were worth $19,416,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its holdings in NewMarket by 28.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 16,087 shares of the specialty chemicals company’s stock valued at $11,056,000 after purchasing an additional 3,550 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of NewMarket by 104.9% during the fourth quarter. SG Americas Securities LLC now owns 4,855 shares of the specialty chemicals company’s stock worth $3,337,000 after buying an additional 2,486 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of NewMarket by 4,647.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,555 shares of the specialty chemicals company’s stock worth $3,818,000 after buying an additional 5,438 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of NewMarket in the fourth quarter valued at approximately $1,405,000. Finally, Pacer Advisors Inc. raised its position in shares of NewMarket by 1,469.5% in the fourth quarter. Pacer Advisors Inc. now owns 30,636 shares of the specialty chemicals company’s stock valued at $21,055,000 after buying an additional 28,684 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

NewMarket Price Performance

Shares of NYSE:NEU opened at $787.87 on Thursday. The company has a market cap of $7.25 billion, a P/E ratio of 18.00 and a beta of 0.56. The business has a fifty day simple moving average of $782.37 and a 200-day simple moving average of $697.49. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $875.97. 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 (NYSE:NEU) last released its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.The firm had revenue of $747.09 million for the quarter.

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.