Renaissance Technologies LLC lifted its position in shares of NewMarket Corporation (NYSE:NEU – Free Report) by 136.7% during the first quarter, Holdings Channel.com reports. The firm owned 33,100 shares of the specialty chemicals company’s stock after purchasing an additional 19,117 shares during the period. Renaissance Technologies LLC’s holdings in NewMarket were worth $21,215,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 39 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of NewMarket by 1,442.4% during the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after buying an additional 476 shares during the last quarter. United Services Automobile Association acquired a new position in shares of NewMarket during the first quarter valued at about $266,000. Empowered Funds LLC increased its position in shares of NewMarket by 4.8% during the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after acquiring an additional 72 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NewMarket by 9.8% during the first 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 worth $12,614,000 after acquiring an additional 1,995 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.
NewMarket Stock Performance
Shares of NEU opened at $787.87 on Thursday. The stock has a 50 day moving average of $782.37 and a 200 day moving average of $697.49. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 18.00 and a beta of 0.56. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $875.97. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, NewMarket presently has an average rating of “Buy”.
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.
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