NewMarket Corporation $NEU Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in NewMarket Corporation (NYSE:NEU) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the specialty chemicals company’s stock after selling 1,665 shares during the quarter. Royce & Associates LP owned 0.12% of NewMarket worth $9,524,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEU. Winnow Wealth LLC purchased a new position in NewMarket during the third quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new stake in NewMarket in the 3rd quarter worth approximately $30,000. Smartleaf Asset Management LLC grew its stake in shares of NewMarket by 125.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 45 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 25 shares during the period. Quent Capital LLC purchased a new position in shares of NewMarket during the 3rd quarter valued at approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Activity

In other news, Director Ting Xu purchased 400 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the completion of the transaction, the director owned 929 shares of the company’s stock, valued at $575,246.09. This trade represents a 75.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 19.10% of the stock is owned by corporate insiders.

NewMarket Price Performance

Shares of NYSE NEU opened at $631.04 on Wednesday. The firm has a market cap of $5.93 billion, a PE ratio of 14.21 and a beta of 0.50. The firm has a fifty day moving average of $666.13 and a 200 day moving average of $743.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.53. NewMarket Corporation has a one year low of $510.07 and a one year high of $875.97.

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

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 16th. NewMarket’s dividend payout ratio (DPR) is 27.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.