Caisse de depot et placement du Quebec Makes New $72.52 Million Investment in NewMarket Corporation $NEU

Caisse de depot et placement du Quebec purchased a new stake in NewMarket Corporation (NYSE:NEU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 91,650 shares of the specialty chemicals company’s stock, valued at approximately $72,517,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NewMarket by 100.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 39 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of NewMarket by 1,442.4% during the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock worth $288,000 after purchasing an additional 476 shares in the last quarter. United Services Automobile Association purchased a new position in shares of NewMarket during the 1st quarter worth approximately $266,000. Empowered Funds LLC raised its position in shares of 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 purchasing an additional 72 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 buying an additional 1,995 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Down 0.1%

NEU stock opened at $924.77 on Friday. The company has a 50 day moving average price of $835.96 and a two-hundred day moving average price of $732.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 2.25. The stock has a market capitalization of $8.51 billion, a P/E ratio of 19.90 and a beta of 0.56. NewMarket Corporation has a one year low of $580.03 and a one year high of $981.66.

NewMarket (NYSE:NEU) last issued its quarterly 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 24.62% and a net margin of 15.80%.The company had revenue of $747.09 million for the quarter.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 1.3%. NewMarket’s dividend payout ratio is 25.82%.

Analyst Upgrades and Downgrades

NEU has been the subject of several recent research reports. Weiss Ratings raised NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen raised NewMarket from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NewMarket 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.