International Assets Investment Management LLC Purchases 21,248 Shares of NewMarket Co. (NYSE:NEU)

International Assets Investment Management LLC lifted its position in shares of NewMarket Co. (NYSE:NEU) by 54,482.1% during the fourth quarter, Holdings Channel reports. The firm owned 21,287 shares of the specialty chemicals company’s stock after acquiring an additional 21,248 shares during the period. International Assets Investment Management LLC’s holdings in NewMarket were worth $11,619,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. FSC Wealth Advisors LLC purchased a new stake in shares of NewMarket during the 4th quarter valued at $39,000. Hanseatic Management Services Inc. bought a new position in NewMarket during the third quarter valued at about $41,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in NewMarket by 153.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after buying an additional 187 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in NewMarket by 17.2% during the third quarter. SRS Capital Advisors Inc. now owns 436 shares of the specialty chemicals company’s stock worth $198,000 after buying an additional 64 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in NewMarket in the third quarter worth about $206,000. 61.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 Stock Performance

Shares of NEU opened at $546.89 on Monday. NewMarket Co. has a 1 year low of $387.16 and a 1 year high of $650.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. The stock’s fifty day moving average price is $604.77 and its two-hundred day moving average price is $565.43. The firm has a market cap of $5.24 billion, a PE ratio of 13.16 and a beta of 0.51.

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

NewMarket Dividend Announcement

The firm 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 dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, June 14th. NewMarket’s payout ratio is currently 24.06%.

NewMarket Company 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.