Handelsbanken Fonder AB Has $873,000 Position in NewMarket Co. (NYSE:NEU)

Handelsbanken Fonder AB lessened its position in NewMarket Co. (NYSE:NEU) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,600 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Handelsbanken Fonder AB’s holdings in NewMarket were worth $873,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NEU. London Co. of Virginia boosted its stake in shares of NewMarket by 0.3% during the 3rd quarter. London Co. of Virginia now owns 664,683 shares of the specialty chemicals company’s stock worth $302,457,000 after buying an additional 1,796 shares during the last quarter. Mackenzie Financial Corp boosted its position in NewMarket by 254.4% during the fourth quarter. Mackenzie Financial Corp now owns 7,571 shares of the specialty chemicals company’s stock valued at $4,132,000 after purchasing an additional 5,435 shares during the last quarter. International Assets Investment Management LLC grew its stake in NewMarket by 54,482.1% in the fourth quarter. International Assets Investment Management LLC now owns 21,287 shares of the specialty chemicals company’s stock valued at $11,619,000 after purchasing an additional 21,248 shares in the last quarter. Invesco Ltd. raised its stake in shares of NewMarket by 41.2% during the 3rd quarter. Invesco Ltd. now owns 105,136 shares of the specialty chemicals company’s stock worth $47,841,000 after purchasing an additional 30,694 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in NewMarket by 57.8% in the third quarter. Envestnet Asset Management Inc. now owns 26,096 shares of the specialty chemicals company’s stock valued at $11,875,000 after acquiring an additional 9,557 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NYSE NEU opened at $535.10 on Tuesday. NewMarket Co. has a twelve month low of $387.16 and a twelve month high of $650.00. The company has a market cap of $5.13 billion, a PE ratio of 12.87 and a beta of 0.45. The business’s 50 day moving average price is $611.37 and its two-hundred day moving average price is $563.21. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. NewMarket had a return on equity of 38.99% and a net margin of 14.82%. The business had revenue of $696.74 million for the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $2.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $10.00 dividend on an annualized basis and a yield of 1.87%. NewMarket’s dividend payout ratio (DPR) is currently 24.06%.

Wall Street Analysts Forecast Growth

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

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.