Ritholtz Wealth Management Raises Stock Holdings in NewMarket Corporation $NEU

Ritholtz Wealth Management raised its holdings in shares of NewMarket Corporation (NYSE:NEUFree Report) by 42.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,363 shares of the specialty chemicals company’s stock after purchasing an additional 1,302 shares during the quarter. Ritholtz Wealth Management’s holdings in NewMarket were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of NewMarket by 16.4% in the third quarter. Natixis Advisors LLC now owns 28,785 shares of the specialty chemicals company’s stock worth $23,840,000 after buying an additional 4,059 shares during the last quarter. Anfield Capital Management LLC bought a new position in NewMarket during the 3rd quarter valued at $2,321,000. Northwestern Mutual Wealth Management Co. boosted its stake in NewMarket by 4,647.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,555 shares of the specialty chemicals company’s stock valued at $3,818,000 after acquiring an additional 5,438 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in NewMarket by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock worth $148,820,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in NewMarket by 28.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 16,087 shares of the specialty chemicals company’s stock worth $11,056,000 after acquiring an additional 3,550 shares in the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on NewMarket

NewMarket Stock Performance

Shares of NEU stock opened at $791.31 on Friday. The company has a market cap of $7.28 billion, a P/E ratio of 18.07 and a beta of 0.56. The business has a 50 day moving average of $737.15 and a two-hundred day moving average of $688.57. 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:NEUGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share for the quarter. The business had revenue of $669.72 million for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 1.5%. NewMarket’s dividend payout ratio (DPR) is currently 27.41%.

NewMarket Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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