LSV Asset Management Has $116.15 Million Stock Holdings in NewMarket Corporation (NYSE:NEU)

LSV Asset Management increased its stake in NewMarket Corporation (NYSE:NEU) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,047 shares of the specialty chemicals company’s stock after acquiring an additional 2,121 shares during the quarter. LSV Asset Management owned about 2.17% of NewMarket worth $116,149,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its stake in shares of NewMarket by 4.0% in the 1st quarter. Federated Hermes Inc. now owns 722 shares of the specialty chemicals company’s stock valued at $409,000 after purchasing an additional 28 shares during the last quarter. UMB Bank n.a. lifted its holdings in 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. Bessemer Group Inc. boosted its position in NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in NewMarket by 557.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 39 shares during the period. Finally, Alps Advisors Inc. grew its holdings in NewMarket by 6.3% during the 1st quarter. Alps Advisors Inc. now owns 675 shares of the specialty chemicals company’s stock worth $382,000 after acquiring an additional 40 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 1.8%

Shares of NYSE:NEU opened at $699.10 on Friday. 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 business’s 50-day moving average is $685.20 and its 200-day moving average is $603.07. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 13.86 and a beta of 0.45.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The firm 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%.

Insiders Place Their Bets

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the stock in a transaction dated 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 owned 358 shares of the company’s stock, valued at $229,989.94. This represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.10% of the company’s stock.

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.