Savant Capital LLC Makes New $259,000 Investment in NewMarket Co. (NYSE:NEU)

Savant Capital LLC acquired a new position in shares of NewMarket Co. (NYSE:NEU) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 474 shares of the specialty chemicals company’s stock, valued at approximately $259,000.

Other hedge funds also recently modified their holdings of the company. FSC Wealth Advisors LLC acquired a new position in NewMarket during the fourth quarter valued at approximately $39,000. Hanseatic Management Services Inc. bought a new stake in shares of NewMarket during the 3rd quarter worth approximately $41,000. Lindbrook Capital LLC boosted its holdings in shares of NewMarket by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 21 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of NewMarket in the fourth quarter valued at $50,000. Finally, 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. Institutional investors own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NewMarket Trading Up 1.2 %

NewMarket stock opened at $553.54 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.60 and a current ratio of 2.86. The stock has a 50-day simple moving average of $603.22 and a 200 day simple moving average of $566.20. The stock has a market capitalization of $5.31 billion, a P/E ratio of 13.32 and a beta of 0.51. NewMarket Co. has a 52 week low of $387.16 and a 52 week high of $650.00.

NewMarket (NYSE:NEU) last posted its 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 announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders 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 1.81%. The ex-dividend date is Friday, June 14th. NewMarket’s dividend payout ratio is presently 24.06%.

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.