Bridgewater Associates LP Has $4.09 Million Position in NewMarket Co. (NYSE:NEU)

Bridgewater Associates LP decreased its position in shares of NewMarket Co. (NYSE:NEU - Free Report) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,401 shares of the specialty chemicals company's stock after selling 2,820 shares during the period. Bridgewater Associates LP owned 0.08% of NewMarket worth $4,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in NewMarket by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,574 shares of the specialty chemicals company's stock valued at $2,269,000 after acquiring an additional 192 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in NewMarket in the first quarter valued at about $399,000. Public Employees Retirement System of Ohio boosted its position in NewMarket by 3.7% in the first quarter. Public Employees Retirement System of Ohio now owns 2,821 shares of the specialty chemicals company's stock valued at $1,790,000 after buying an additional 100 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in NewMarket in the first quarter valued at about $239,000. Finally, SG Americas Securities LLC boosted its position in NewMarket by 23.5% in the second quarter. SG Americas Securities LLC now owns 2,558 shares of the specialty chemicals company's stock valued at $1,319,000 after buying an additional 487 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

NewMarket Price Performance

Shares of NEU stock traded down $7.41 during trading hours on Friday, reaching $533.56. 31,511 shares of the company were exchanged, compared to its average volume of 35,025. NewMarket Co. has a fifty-two week low of $494.04 and a fifty-two week high of $650.00. The stock's fifty day moving average is $538.24 and its two-hundred day moving average is $540.90. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 11.85 and a beta of 0.50. 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 (NYSE:NEU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The company had revenue of $724.95 million for the quarter.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given 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 dividend yield of 1.87%. NewMarket's payout ratio is 22.21%.

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.