NewMarket Corporation $NEU Holdings Lifted by Assetmark Inc.

Assetmark Inc. increased its position in shares of NewMarket Corporation (NYSE:NEU) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,391 shares of the specialty chemicals company’s stock after acquiring an additional 1,132 shares during the period. Assetmark Inc. owned approximately 0.06% of NewMarket worth $3,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in NewMarket by 1,442.4% during the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock worth $288,000 after buying an additional 476 shares in the last quarter. United Services Automobile Association acquired a new position in NewMarket in the first quarter worth approximately $266,000. Empowered Funds LLC grew its position in NewMarket by 4.8% in the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after buying an additional 72 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NewMarket by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock valued at $12,614,000 after buying an additional 1,995 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

NewMarket Stock Performance

NewMarket stock opened at $632.43 on Monday. NewMarket Corporation has a fifty-two week low of $555.28 and a fifty-two week high of $875.97. The firm’s 50 day simple moving average is $628.23 and its 200-day simple moving average is $699.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.53 and a quick ratio of 1.33. The company has a market cap of $5.94 billion, a P/E ratio of 14.24 and a beta of 0.48.

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

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, March 16th. NewMarket’s dividend payout ratio (DPR) is 27.01%.

Insider Activity at NewMarket

In other NewMarket news, Director Ting Xu purchased 400 shares of the stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $619.21 per share, for a total transaction of $247,684.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.