Caisse DE Depot ET Placement DU Quebec Takes Position in NewMarket Co. (NYSE:NEU)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of NewMarket Co. (NYSE:NEU - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,300 shares of the specialty chemicals company's stock, valued at approximately $717,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in NewMarket by 64.7% in the 2nd quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company's stock valued at $102,211,000 after purchasing an additional 77,908 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of NewMarket by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company's stock valued at $94,314,000 after acquiring an additional 537 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NewMarket by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company's stock valued at $82,214,000 after acquiring an additional 12,110 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NewMarket by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company's stock valued at $43,459,000 after acquiring an additional 7,719 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of NewMarket by 14.4% during the 3rd quarter. New York State Common Retirement Fund now owns 40,594 shares of the specialty chemicals company's stock valued at $22,403,000 after acquiring an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of NewMarket from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th.

NewMarket Trading Up 0.9 %

NEU traded up $5.09 on Wednesday, reaching $546.14. 18,973 shares of the company's stock were exchanged, compared to its average volume of 34,931. The company's 50 day moving average is $537.71 and its 200-day moving average is $540.58. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 11.95 and a beta of 0.50. NewMarket Co. has a twelve month low of $494.04 and a twelve month high of $650.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83.

NewMarket (NYSE:NEU - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. The firm had revenue of $724.95 million during the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Monday, December 16th. NewMarket's dividend payout ratio is presently 22.21%.

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.