Nuveen LLC Buys Shares of 13,542 NewMarket Corporation $NEU

Nuveen LLC bought a new stake in shares of NewMarket Corporation (NYSE:NEU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,542 shares of the specialty chemicals company’s stock, valued at approximately $7,671,000. Nuveen LLC owned 0.14% of NewMarket as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEU. Raymond James Financial Inc. acquired a new position in NewMarket during the 4th quarter worth $1,613,000. Mariner LLC lifted its position in NewMarket by 11.5% during the 4th quarter. Mariner LLC now owns 2,227 shares of the specialty chemicals company’s stock worth $1,177,000 after acquiring an additional 230 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NewMarket by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 170,218 shares of the specialty chemicals company’s stock worth $89,938,000 after acquiring an additional 4,621 shares during the last quarter. MetLife Investment Management LLC lifted its position in NewMarket by 9.1% during the 4th quarter. MetLife Investment Management LLC now owns 4,311 shares of the specialty chemicals company’s stock worth $2,278,000 after acquiring an additional 360 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in NewMarket by 4.3% during the 4th quarter. MML Investors Services LLC now owns 4,368 shares of the specialty chemicals company’s stock worth $2,308,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Down 0.6%

NewMarket stock opened at $795.9560 on Monday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 15.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. NewMarket Corporation has a fifty-two week low of $480.00 and a fifty-two week high of $806.98. The firm has a fifty day moving average price of $718.87 and a two-hundred day moving average price of $630.80.

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. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The company had revenue of $698.51 million for the quarter.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $11.00 dividend on an annualized basis and a yield of 1.4%. NewMarket’s payout ratio is presently 21.80%.

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.