Quantbot Technologies LP Acquires New Position in NewMarket Corporation $NEU

Quantbot Technologies LP acquired a new stake in shares of NewMarket Corporation (NYSE:NEU) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,327 shares of the specialty chemicals company’s stock, valued at approximately $1,318,000.

Several other large investors have also modified their holdings of NEU. GAMMA Investing LLC raised its holdings in shares of NewMarket by 54,160.0% in the 1st quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company’s stock valued at $58,398,000 after purchasing an additional 102,904 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of NewMarket by 120.3% in the 1st quarter. American Century Companies Inc. now owns 105,120 shares of the specialty chemicals company’s stock valued at $59,545,000 after purchasing an additional 57,403 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of NewMarket in the 1st quarter valued at about $19,348,000. Northern Trust Corp raised its holdings in shares of NewMarket by 23.8% in the 4th quarter. Northern Trust Corp now owns 80,156 shares of the specialty chemicals company’s stock valued at $42,350,000 after purchasing an additional 15,424 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of NewMarket by 8.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company’s stock valued at $105,300,000 after purchasing an additional 15,155 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Down 0.6%

NYSE:NEU opened at $795.9560 on Friday. NewMarket Corporation has a one year low of $480.00 and a one year high of $806.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.43 and a current ratio of 2.66. The firm has a market cap of $7.48 billion, a P/E ratio of 15.78 and a beta of 0.45. The firm has a 50-day simple moving average of $718.87 and a 200-day simple moving average of $629.17.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 EPS for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The business had revenue of $698.51 million during the quarter.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $2.75 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.4%. NewMarket’s payout ratio is presently 21.80%.

NewMarket Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.