North Forty Two & Co. purchased a new stake in shares of NewMarket Co. (NYSE:NEU - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,266 shares of the specialty chemicals company's stock, valued at approximately $1,726,000. NewMarket comprises 2.0% of North Forty Two & Co.'s portfolio, making the stock its 15th largest position.
Several other large investors have also recently made changes to their positions in NEU. Natixis Advisors LLC lifted its stake in shares of NewMarket by 19.4% in the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company's stock valued at $9,522,000 after acquiring an additional 2,807 shares during the last quarter. Barclays PLC lifted its position in NewMarket by 34.5% in the third quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company's stock valued at $2,656,000 after purchasing an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of NewMarket during the fourth quarter valued at approximately $252,000. Empowered Funds LLC grew its holdings in shares of NewMarket by 61.3% in the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock worth $787,000 after purchasing an additional 566 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NewMarket by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock worth $27,917,000 after buying an additional 722 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.
NewMarket Trading Down 1.6 %
Shares of NewMarket stock traded down $8.35 during trading on Friday, reaching $529.99. 312,041 shares of the stock were exchanged, compared to its average volume of 34,328. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $638.21. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 10.99 and a beta of 0.41. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average is $527.04 and its 200 day moving average is $533.08.
NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.
NewMarket Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $2.75 per share. This is an increase from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, March 17th. NewMarket's payout ratio is presently 22.82%.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Stock Report on NEU
About NewMarket
(
Free Report)
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.
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