Amundi Acquires Shares of 2,231 NewMarket Co. (NYSE:NEU)

Amundi bought a new position in NewMarket Co. (NYSE:NEU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,231 shares of the specialty chemicals company's stock, valued at approximately $1,093,000.

Other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of NewMarket in the 4th quarter worth about $40,000. Centricity Wealth Management LLC bought a new stake in shares of NewMarket in the 4th quarter worth about $56,000. Blue Trust Inc. increased its holdings in shares of NewMarket by 55.3% in the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 42 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of NewMarket in the 4th quarter worth about $74,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in NewMarket by 481.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock valued at $83,000 after purchasing an additional 130 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.

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NewMarket Trading Down 1.6 %

NYSE:NEU traded down $8.35 during mid-day trading on Friday, hitting $529.99. 312,041 shares of the stock traded hands, compared to its average volume of 34,302. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 10.99 and a beta of 0.41. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $638.21. The firm's 50 day moving average is $527.04 and its two-hundred day moving average is $533.23. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66.

NewMarket (NYSE:NEU - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.08%. This is a boost from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Monday, March 17th. NewMarket's payout ratio is 22.82%.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.