SG Americas Securities LLC Has $288,000 Holdings in NewMarket Co. (NYSE:NEU)

SG Americas Securities LLC decreased its position in NewMarket Co. (NYSE:NEU - Free Report) by 79.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521 shares of the specialty chemicals company's stock after selling 2,037 shares during the quarter. SG Americas Securities LLC's holdings in NewMarket were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of NewMarket by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 722,184 shares of the specialty chemicals company's stock worth $394,190,000 after buying an additional 4,261 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of NewMarket by 64.7% in the second quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company's stock valued at $102,211,000 after purchasing an additional 77,908 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NewMarket by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company's stock worth $82,214,000 after purchasing an additional 12,110 shares in the last quarter. HB Wealth Management LLC boosted its holdings in NewMarket by 27.4% during the second quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company's stock worth $20,367,000 after purchasing an additional 8,496 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in NewMarket by 102.6% during the first quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company's stock worth $23,079,000 after purchasing an additional 18,413 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company's stock.

Insider Buying and Selling at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $194,862.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 20.40% of the company's stock.

Analyst Upgrades and Downgrades

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

NewMarket Stock Down 1.1 %

Shares of NewMarket stock traded down $5.97 on Monday, reaching $519.05. 22,875 shares of the company were exchanged, compared to its average volume of 36,552. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.49 and a beta of 0.49. The company has a current ratio of 2.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.95. NewMarket Co. has a one year low of $436.90 and a one year high of $650.00. The company has a 50-day moving average of $547.10 and a 200 day moving average of $546.91.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%. The firm had revenue of $710.23 million for the quarter.

NewMarket Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, September 16th. NewMarket's payout ratio is currently 24.06%.

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.