1,120 Shares in NewMarket Corporation $NEU Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC purchased a new stake in NewMarket Corporation (NYSE:NEU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,120 shares of the specialty chemicals company’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of NewMarket by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 39,452 shares of the specialty chemicals company’s stock valued at $32,675,000 after buying an additional 1,192 shares during the last quarter. Monument Capital Management purchased a new stake in NewMarket in the third quarter valued at $2,548,000. Nisa Investment Advisors LLC lifted its position in NewMarket by 151.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,118 shares of the specialty chemicals company’s stock valued at $3,416,000 after acquiring an additional 2,479 shares during the last quarter. Anfield Capital Management LLC acquired a new position in NewMarket in the third quarter valued at $2,321,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of NewMarket by 221.5% during the third quarter. Advisors Asset Management Inc. now owns 2,662 shares of the specialty chemicals company’s stock worth $2,205,000 after purchasing an additional 1,834 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

NewMarket Stock Up 0.1%

NEU opened at $627.72 on Monday. NewMarket Corporation has a 52 week low of $510.07 and a 52 week high of $875.97. The business has a 50 day moving average price of $636.75 and a two-hundred day moving average price of $718.93. The company has a quick ratio of 1.33, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.90 billion, a PE ratio of 14.13 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The company had revenue of $635.40 million for the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 16th. NewMarket’s dividend payout ratio (DPR) is 27.01%.

Insiders Place Their Bets

In other news, Director Ting Xu acquired 400 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of $619.21 per share, with a total value of $247,684.00. Following the purchase, the director owned 929 shares of the company’s stock, valued at $575,246.09. This represents a 75.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by company insiders.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.