Vanguard Group Inc. Has $673.32 Million Stock Position in NewMarket Corporation $NEU

Vanguard Group Inc. lessened its stake in shares of NewMarket Corporation (NYSE:NEU) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,985 shares of the specialty chemicals company’s stock after selling 6,413 shares during the quarter. Vanguard Group Inc. owned about 8.65% of NewMarket worth $673,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new position in NewMarket during the 3rd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in NewMarket in the third quarter valued at approximately $30,000. Smartleaf Asset Management LLC increased its holdings in shares of NewMarket by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 45 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 25 shares in the last quarter. Quent Capital LLC acquired a new position in shares of NewMarket during the third quarter worth approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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. 61.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

NewMarket Price Performance

NEU opened at $601.85 on Tuesday. The firm’s fifty day moving average price is $677.57 and its two-hundred day moving average price is $749.27. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 13.55 and a beta of 0.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.53 and a quick ratio of 1.33. NewMarket Corporation has a 1 year low of $510.07 and a 1 year high of $875.97.

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

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.