NewMarket Corporation $NEU Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in NewMarket Corporation (NYSE:NEU) by 3.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 821 shares of the specialty chemicals company’s stock after selling 27 shares during the period. Deutsche Bank AG’s holdings in NewMarket were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of NewMarket by 557.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of NewMarket by 7,700.0% in the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA raised its position in shares of NewMarket by 185.2% in the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 50 shares during the last quarter. UMB Bank n.a. raised its position 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 last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of NewMarket in the fourth quarter valued at about $59,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 1.3%

Shares of NEU opened at $823.89 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $825.00. The firm has a 50-day moving average price of $729.16 and a 200 day moving average price of $635.35. The firm has a market capitalization of $7.74 billion, a P/E ratio of 16.33 and a beta of 0.45.

NewMarket (NYSE:NEU) last announced 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 firm had revenue of $698.51 million during the quarter.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, September 15th. NewMarket’s dividend payout ratio (DPR) is 21.80%.

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.