ING Groep NV Makes New $5.09 Million Investment in NewMarket Corporation $NEU

ING Groep NV bought a new position in shares of NewMarket Corporation (NYSE:NEU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,400 shares of the specialty chemicals company’s stock, valued at approximately $5,086,000. ING Groep NV owned about 0.08% of NewMarket as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NEU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NewMarket by 100.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 39 shares during the last quarter. NewEdge Advisors LLC raised its holdings in NewMarket by 1,442.4% in the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after buying an additional 476 shares during the period. United Services Automobile Association purchased a new stake in NewMarket in the 1st quarter valued at about $266,000. Empowered Funds LLC raised its holdings in NewMarket by 4.8% in the 1st quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after buying an additional 72 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NewMarket by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock valued at $12,614,000 after buying an additional 1,995 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

NewMarket Stock Performance

Shares of NewMarket stock opened at $801.83 on Tuesday. NewMarket Corporation has a one year low of $580.03 and a one year high of $875.97. The company has a market cap of $7.38 billion, a PE ratio of 18.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55. The business has a 50-day simple moving average of $692.21 and a 200-day simple moving average of $683.86.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. The firm had revenue of $669.72 million during the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 1.5%. NewMarket’s dividend payout ratio is presently 27.41%.

About NewMarket

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.