DAVENPORT & Co LLC Has $35.55 Million Position in NewMarket Co. (NYSE:NEU)

DAVENPORT & Co LLC lifted its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,879 shares of the specialty chemicals company's stock after acquiring an additional 15,129 shares during the quarter. DAVENPORT & Co LLC owned 0.70% of NewMarket worth $35,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEU. Blue Trust Inc. increased its position in NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company's stock worth $39,000 after purchasing an additional 65 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of NewMarket in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC grew its holdings in shares of NewMarket by 95.5% in the third quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company's stock valued at $119,000 after purchasing an additional 105 shares in the last quarter. CENTRAL TRUST Co lifted its stake in NewMarket by 36.9% in the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company's stock worth $121,000 after acquiring an additional 59 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in NewMarket in the fourth quarter worth approximately $159,000. Institutional investors and hedge funds own 61.09% of the company's stock.

NewMarket Stock Down 1.2 %

Shares of NYSE:NEU traded down $5.86 during trading on Wednesday, hitting $503.12. 11,707 shares of the company were exchanged, compared to its average volume of 32,123. The stock has a market capitalization of $4.83 billion, a P/E ratio of 11.17 and a beta of 0.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $650.00. The firm's 50 day moving average price is $516.67 and its 200-day moving average price is $535.56.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket 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.