SG Americas Securities LLC Grows Position in NewMarket Corporation $NEU

SG Americas Securities LLC grew its position in shares of NewMarket Corporation (NYSE:NEU) by 103.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,369 shares of the specialty chemicals company’s stock after acquiring an additional 1,206 shares during the quarter. SG Americas Securities LLC’s holdings in NewMarket were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of NewMarket by 2.1% during the second quarter. Parallel Advisors LLC now owns 740 shares of the specialty chemicals company’s stock valued at $511,000 after purchasing an additional 15 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NewMarket by 7.3% during the 3rd quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 15 shares in the last quarter. MAI Capital Management boosted its stake in shares of NewMarket by 20.8% in the 2nd quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after buying an additional 21 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of NewMarket by 3.5% in the third quarter. Global Retirement Partners LLC now owns 703 shares of the specialty chemicals company’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of NewMarket by 2.4% during 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 during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of NewMarket in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NewMarket currently has an average rating of “Buy”.

NewMarket Trading Down 0.0%

Shares of NEU stock opened at $710.75 on Thursday. The company has a 50 day moving average of $738.87 and a 200-day moving average of $761.86. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. NewMarket Corporation has a 12-month low of $480.57 and a 12-month high of $875.97. The firm has a market cap of $6.68 billion, a P/E ratio of 15.02 and a beta of 0.49.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $10.67 EPS for the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.The business had revenue of $690.31 million for the quarter.

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, December 15th. This is a positive change from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s dividend payout ratio is currently 25.35%.

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.