NewMarket Corporation (NYSE:NEU) Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in shares of NewMarket Corporation (NYSE:NEU) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,600 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. TD Asset Management Inc owned 0.09% of NewMarket worth $4,871,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in NewMarket by 54,160.0% in the first quarter. GAMMA Investing LLC now owns 103,094 shares of the specialty chemicals company’s stock valued at $58,398,000 after acquiring an additional 102,904 shares in the last quarter. Norges Bank purchased a new position in shares of NewMarket in the fourth quarter valued at $41,268,000. Northern Trust Corp grew its holdings in NewMarket by 23.8% during the 4th quarter. Northern Trust Corp now owns 80,156 shares of the specialty chemicals company’s stock valued at $42,350,000 after purchasing an additional 15,424 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in NewMarket by 8.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 185,858 shares of the specialty chemicals company’s stock valued at $105,300,000 after purchasing an additional 15,155 shares in the last quarter. Finally, Barclays PLC increased its stake in NewMarket by 293.3% during the 4th quarter. Barclays PLC now owns 18,928 shares of the specialty chemicals company’s stock worth $10,002,000 after buying an additional 14,115 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer directly owned 358 shares in the company, valued at $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 19.10% of the company’s stock.

NewMarket Stock Performance

NYSE:NEU opened at $699.10 on Friday. The stock has a market cap of $6.59 billion, a P/E ratio of 13.86 and a beta of 0.45. NewMarket Corporation has a 1-year low of $480.00 and a 1-year high of $743.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.60. The firm has a 50-day moving average of $685.20 and a two-hundred day moving average of $602.32.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The company had revenue of $698.51 million for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

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.