Bridgewater Associates LP Sells 6,828 Shares of NewMarket Co. (NYSE:NEU)

Bridgewater Associates LP cut its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 92.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573 shares of the specialty chemicals company's stock after selling 6,828 shares during the quarter. Bridgewater Associates LP's holdings in NewMarket were worth $303,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its position in shares of NewMarket by 166.7% in the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 30 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in NewMarket in the fourth quarter worth approximately $40,000. Centricity Wealth Management LLC bought a new stake in NewMarket in the fourth quarter worth approximately $56,000. Blue Trust Inc. lifted its stake in NewMarket by 55.3% in the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 42 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of NewMarket during the 4th quarter worth approximately $74,000. Institutional investors own 61.09% of the company's stock.

Wall Street Analyst Weigh In

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

NewMarket Stock Down 0.9 %

Shares of NYSE NEU traded down $5.58 during trading on Friday, hitting $601.29. 33,634 shares of the company traded hands, compared to its average volume of 36,314. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The business's fifty day moving average is $552.52 and its 200 day moving average is $535.00. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 12.47 and a beta of 0.44. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $616.11.

NewMarket (NYSE:NEU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share (EPS) for the quarter. The business had revenue of $700.95 million for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.83%. The ex-dividend date is Monday, June 16th. NewMarket's payout ratio is currently 22.82%.

About NewMarket

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.