Crossmark Global Holdings Inc. Buys New Stake in NewMarket Corporation (NEU)
Crossmark Global Holdings Inc. bought a new position in shares of NewMarket Corporation (NYSE:NEU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,689 shares of the specialty chemicals company’s stock, valued at approximately $719,000.
A number of other large investors also recently added to or reduced their stakes in NEU. Advisor Group Inc. grew its position in NewMarket Corporation by 6.7% during the 2nd quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 15 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in NewMarket Corporation during the 2nd quarter worth approximately $128,000. YorkBridge Wealth Partners LLC grew its position in NewMarket Corporation by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock worth $131,000 after purchasing an additional 4 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NewMarket Corporation by 24.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock worth $192,000 after purchasing an additional 81 shares during the last quarter. Finally, TrimTabs Asset Management LLC grew its position in NewMarket Corporation by 105.5% during the 2nd quarter. TrimTabs Asset Management LLC now owns 561 shares of the specialty chemicals company’s stock worth $258,000 after purchasing an additional 288 shares during the last quarter. 55.86% of the stock is currently owned by institutional investors.
Shares of NewMarket Corporation (NYSE NEU) opened at $393.24 on Wednesday. The firm has a market cap of $4,682.93, a P/E ratio of 20.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.50 and a current ratio of 2.74. NewMarket Corporation has a 12-month low of $382.04 and a 12-month high of $483.86.
NewMarket Corporation (NYSE:NEU) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $5.04 EPS for the quarter, missing the consensus estimate of $5.70 by ($0.66). The business had revenue of $584.41 million during the quarter, compared to analysts’ expectations of $546.40 million. NewMarket Corporation had a net margin of 10.85% and a return on equity of 41.70%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $6.00 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, December 14th. NewMarket Corporation’s dividend payout ratio (DPR) is currently 35.75%.
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Separately, BidaskClub downgraded shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
NewMarket Corporation Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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