Amalgamated Bank Sells 151 Shares of NewMarket Corporation (NYSE:NEU)

Amalgamated Bank reduced its holdings in shares of NewMarket Corporation (NYSE:NEU) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,449 shares of the specialty chemicals company’s stock after selling 151 shares during the quarter. Amalgamated Bank’s holdings in NewMarket were worth $1,954,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Assetmark Inc. increased its holdings in NewMarket by 0.6% in the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company’s stock worth $1,647,000 after purchasing an additional 20 shares in the last quarter. Atria Investments Inc increased its stake in shares of NewMarket by 1.6% in the fourth quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company’s stock valued at $688,000 after buying an additional 20 shares during the period. UMB Bank n.a. increased its stake in shares of NewMarket by 39.2% in the first quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 29 shares during the period. Parallel Advisors LLC boosted its position in shares of NewMarket by 4.3% during the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company’s stock valued at $388,000 after purchasing an additional 30 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of NewMarket by 166.7% during the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Up 2.4%

Shares of NewMarket stock opened at $737.28 on Monday. The stock’s 50-day moving average is $650.90 and its 200 day moving average is $574.34. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 14.68 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.84 and a quick ratio of 1.60. NewMarket Corporation has a one year low of $480.00 and a one year high of $737.28.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The business had revenue of $700.95 million for the quarter.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th were issued a $2.75 dividend. The ex-dividend date was Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.49%. NewMarket’s dividend payout ratio is presently 21.89%.

Insider Buying and Selling at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the transaction, the chief accounting officer owned 358 shares of the company’s stock, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.10% of the stock is owned by corporate insiders.

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.