Pacer Advisors Inc. Boosts Stake in NewMarket Co. (NYSE:NEU)

Pacer Advisors Inc. boosted its holdings in NewMarket Co. (NYSE:NEU - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,065 shares of the specialty chemicals company's stock after purchasing an additional 2,493 shares during the quarter. Pacer Advisors Inc. owned about 2.06% of NewMarket worth $104,648,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NEU. KBC Group NV grew its holdings in shares of NewMarket by 82.4% during the fourth quarter. KBC Group NV now owns 321 shares of the specialty chemicals company's stock worth $170,000 after purchasing an additional 145 shares during the last quarter. Blue Trust Inc. grew its stake in NewMarket by 55.3% during the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 42 shares during the last quarter. Exchange Traded Concepts LLC increased its position in NewMarket by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company's stock worth $739,000 after buying an additional 35 shares during the period. Janney Montgomery Scott LLC purchased a new stake in NewMarket in the fourth quarter valued at approximately $252,000. Finally, Park Avenue Securities LLC lifted its stake in NewMarket by 15.6% in the fourth quarter. Park Avenue Securities LLC now owns 1,269 shares of the specialty chemicals company's stock valued at $670,000 after buying an additional 171 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NEU traded up $6.07 during mid-day trading on Monday, reaching $503.29. 25,824 shares of the company's stock were exchanged, compared to its average volume of 31,451. The business's fifty day simple moving average is $522.45 and its 200-day simple moving average is $537.67. The stock has a market capitalization of $4.83 billion, a PE ratio of 11.18 and a beta of 0.50. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $650.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50.

About NewMarket

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.