NewMarket Corporation $NEU Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of NewMarket Corporation (NYSE:NEU) by 104.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,855 shares of the specialty chemicals company’s stock after buying an additional 2,486 shares during the quarter. SG Americas Securities LLC’s holdings in NewMarket were worth $3,337,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NEU. GAMMA Investing LLC grew its holdings in shares of NewMarket by 7.3% in the 3rd quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 15 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of NewMarket by 5.8% during the third quarter. OneDigital Investment Advisors LLC now owns 329 shares of the specialty chemicals company’s stock valued at $273,000 after purchasing an additional 18 shares during the last quarter. MGO One Seven LLC boosted its position in shares of NewMarket by 6.5% in the 3rd quarter. MGO One Seven LLC now owns 328 shares of the specialty chemicals company’s stock valued at $272,000 after purchasing an additional 20 shares during the period. Arizona State Retirement System increased its stake in NewMarket by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 2,374 shares of the specialty chemicals company’s stock worth $1,966,000 after purchasing an additional 21 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in NewMarket by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 703 shares of the specialty chemicals company’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Trading Down 0.3%

NYSE NEU opened at $636.42 on Friday. The firm’s 50 day moving average price is $636.20 and its two-hundred day moving average price is $714.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. NewMarket Corporation has a twelve month low of $510.07 and a twelve month high of $875.97. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 14.33 and a beta of 0.48.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, March 16th. NewMarket’s payout ratio is presently 27.01%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Transactions at NewMarket

In other NewMarket news, Director Ting Xu acquired 400 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the transaction, the director owned 929 shares of the company’s stock, valued at $575,246.09. The trade was a 75.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

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.