Aristides Capital LLC Makes New $263,000 Investment in NewMarket Corporation $NEU

Aristides Capital LLC acquired a new stake in NewMarket Corporation (NYSE:NEU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 381 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in NewMarket by 2.1% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the specialty chemicals company’s stock worth $511,000 after buying an additional 15 shares in the last quarter. MAI Capital Management grew its stake in shares of NewMarket by 20.8% in the second quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 21 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of NewMarket by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 198 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 23 shares during the period. GAMMA Investing LLC raised its stake in shares of NewMarket by 12.6% in the second quarter. GAMMA Investing LLC now owns 205 shares of the specialty chemicals company’s stock valued at $142,000 after acquiring an additional 23 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of NewMarket by 2.4% in the second quarter. Ritholtz Wealth Management now owns 1,110 shares of the specialty chemicals company’s stock valued at $767,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEU shares. Weiss Ratings reissued a “buy (b)” rating on shares of NewMarket in a research note on Monday. Wall Street Zen cut NewMarket from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NewMarket has a consensus rating of “Buy”.

NewMarket Price Performance

Shares of NYSE:NEU opened at $765.63 on Thursday. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $875.97. The firm has a market capitalization of $7.19 billion, a P/E ratio of 15.18 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The company’s fifty day moving average price is $786.33 and its 200 day moving average price is $742.69.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $10.67 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 $690.31 million during the quarter.

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.6%. This is a positive change from NewMarket’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Monday, December 15th. NewMarket’s dividend payout ratio is presently 25.35%.

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.