Port Capital LLC raised its holdings in shares of NewMarket Co. (NYSE:NEU) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 19,995 shares of the specialty chemicals company’s stock after purchasing an additional 1,400 shares during the period. Port Capital LLC’s holdings in NewMarket were worth $8,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEU. Janus Henderson Group PLC grew its position in shares of NewMarket by 30.7% in the 3rd quarter. Janus Henderson Group PLC now owns 369,556 shares of the specialty chemicals company’s stock worth $149,859,000 after buying an additional 86,858 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NewMarket by 6.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 91,202 shares of the specialty chemicals company’s stock worth $36,983,000 after buying an additional 5,408 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of NewMarket by 11.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,130 shares of the specialty chemicals company’s stock worth $22,705,000 after buying an additional 5,801 shares during the last quarter. Eaton Vance Management grew its position in shares of NewMarket by 0.9% in the 3rd quarter. Eaton Vance Management now owns 39,550 shares of the specialty chemicals company’s stock worth $16,038,000 after buying an additional 346 shares during the last quarter. Finally, Burney Co. grew its position in shares of NewMarket by 12.8% in the 2nd quarter. Burney Co. now owns 35,232 shares of the specialty chemicals company’s stock worth $14,251,000 after buying an additional 4,004 shares during the last quarter. 56.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of NewMarket stock traded down $6.24 on Thursday, reaching $401.26. The stock had a trading volume of 4,541 shares, compared to its average volume of 28,251. The company has a quick ratio of 1.88, a current ratio of 3.28 and a debt-to-equity ratio of 1.45. NewMarket Co. has a 1 year low of $352.89 and a 1 year high of $437.63. The company has a market cap of $4.65 billion, a P/E ratio of 22.84 and a beta of 0.67.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, October 24th. The specialty chemicals company reported $5.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.18. NewMarket had a net margin of 7.61% and a return on equity of 34.96%. The firm had revenue of $563.17 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, December 14th.

Separately, ValuEngine raised shares of NewMarket from a “sell” rating to a “hold” rating in a research report on Monday, August 20th.

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About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Want to see what other hedge funds are holding NEU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewMarket Co. (NYSE:NEU).

Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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