International Assets Investment Management LLC Has $11.62 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

International Assets Investment Management LLC grew its stake in NewMarket Co. (NYSE:NEU) by 54,482.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,287 shares of the specialty chemicals company’s stock after buying an additional 21,248 shares during the period. International Assets Investment Management LLC’s holdings in NewMarket were worth $11,619,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ronald Blue Trust Inc. acquired a new position in shares of NewMarket in the 3rd quarter valued at $27,000. FSC Wealth Advisors LLC acquired a new position in shares of NewMarket in the 4th quarter valued at $39,000. Hanseatic Management Services Inc. acquired a new position in shares of NewMarket in the 3rd quarter valued at $41,000. UMB Bank n.a. acquired a new position in shares of NewMarket in the 3rd quarter valued at $47,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of NewMarket in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

NEU opened at $592.74 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.85 and a debt-to-equity ratio of 0.60. NewMarket Co. has a 12 month low of $362.16 and a 12 month high of $650.00. The company has a fifty day simple moving average of $615.39 and a 200 day simple moving average of $551.88. The stock has a market cap of $5.68 billion, a P/E ratio of 14.66 and a beta of 0.45.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $8.38 EPS for the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%. The business had revenue of $643.35 million during the quarter.

NewMarket Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $2.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from NewMarket’s previous quarterly dividend of $2.25. NewMarket’s dividend payout ratio is currently 24.73%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

About NewMarket

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.