Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 1,564 NewMarket Co. (NYSE:NEU)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of NewMarket Co. (NYSE:NEU - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,564 shares of the specialty chemicals company's stock, valued at approximately $863,000.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in NewMarket by 115.7% in the third quarter. BNP Paribas Financial Markets now owns 1,415 shares of the specialty chemicals company's stock valued at $781,000 after acquiring an additional 759 shares during the last quarter. FMR LLC increased its position in NewMarket by 51.7% during the 3rd quarter. FMR LLC now owns 675 shares of the specialty chemicals company's stock worth $372,000 after purchasing an additional 230 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in NewMarket by 5.0% in the third quarter. The Manufacturers Life Insurance Company now owns 6,186 shares of the specialty chemicals company's stock valued at $3,414,000 after buying an additional 294 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in NewMarket during the third quarter valued at approximately $275,000. Finally, Larson Financial Group LLC increased its position in shares of NewMarket by 51.6% in the third quarter. Larson Financial Group LLC now owns 482 shares of the specialty chemicals company's stock worth $266,000 after acquiring an additional 164 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Down 0.2 %

NewMarket stock traded down $1.14 during midday trading on Tuesday, hitting $541.05. 32,935 shares of the stock were exchanged, compared to its average volume of 35,000. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The company has a 50 day moving average price of $538.01 and a two-hundred day moving average price of $540.65. The firm has a market cap of $5.19 billion, a P/E ratio of 12.04 and a beta of 0.50. NewMarket Co. has a 1 year low of $494.04 and a 1 year high of $650.00.

NewMarket (NYSE:NEU - Get Free Report) last issued 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 for 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 disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a dividend of $2.50 per share. The ex-dividend date is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.85%. NewMarket's payout ratio is currently 22.21%.

Wall Street Analyst Weigh In

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

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.