Janney Montgomery Scott LLC Takes $252,000 Position in NewMarket Co. (NYSE:NEU)

Janney Montgomery Scott LLC acquired a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 477 shares of the specialty chemicals company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted 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 acquiring an additional 65 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in NewMarket during the fourth quarter worth about $40,000. CENTRAL TRUST Co boosted its position in NewMarket by 36.9% during 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. ORG Partners LLC acquired a new position in NewMarket during the fourth quarter worth about $159,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in NewMarket during the third quarter worth about $205,000. 61.09% of the stock is owned by hedge funds and other institutional investors.

NewMarket Trading Down 1.0 %

NYSE:NEU traded down $5.44 on Friday, hitting $542.04. The stock had a trading volume of 40,179 shares, compared to its average volume of 31,427. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 11.24 and a beta of 0.48. The company has a fifty day moving average price of $514.81 and a two-hundred day moving average price of $534.09. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $650.00.

NewMarket (NYSE:NEU - Get Free Report) last posted its 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 16.59% and a return on equity of 35.48%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 10th.

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.