Ritholtz Wealth Management Purchases 784 Shares of NewMarket Corporation $NEU

Ritholtz Wealth Management boosted its holdings in NewMarket Corporation (NYSE:NEU) by 70.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,894 shares of the specialty chemicals company’s stock after purchasing an additional 784 shares during the quarter. Ritholtz Wealth Management’s holdings in NewMarket were worth $1,569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quent Capital LLC acquired a new position in NewMarket during the third quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 39 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of NewMarket in the 2nd quarter worth about $83,000. MAI Capital Management raised its holdings 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 acquiring an additional 21 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in NewMarket in the 3rd quarter valued at about $96,000. 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 report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

NewMarket Stock Performance

NEU stock opened at $645.32 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.07 billion, a PE ratio of 13.63 and a beta of 0.49. The business has a 50 day moving average of $734.00 and a 200-day moving average of $761.46. NewMarket Corporation has a 12-month low of $480.57 and a 12-month high of $875.97.

NewMarket (NYSE:NEU) last issued its quarterly earnings results 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 business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were issued a $3.00 dividend. This is an increase from NewMarket’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend was Monday, December 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.9%. NewMarket’s payout ratio is presently 25.35%.

NewMarket Company 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.