Swiss National Bank Has $8.45 Million Stake in NewMarket Co. (NYSE:NEU)

Swiss National Bank boosted its position in NewMarket Co. (NYSE:NEU - Free Report) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the specialty chemicals company's stock after purchasing an additional 1,900 shares during the period. Swiss National Bank owned approximately 0.17% of NewMarket worth $8,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in NewMarket by 4.1% during the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company's stock valued at $127,132,000 after purchasing an additional 8,979 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of NewMarket by 1.3% in the fourth quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company's stock valued at $104,648,000 after buying an additional 2,493 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NewMarket by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 91,875 shares of the specialty chemicals company's stock valued at $48,542,000 after acquiring an additional 15,694 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NewMarket by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 82,347 shares of the specialty chemicals company's stock worth $43,508,000 after acquiring an additional 3,601 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of NewMarket by 29.2% in the 4th quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company's stock worth $35,545,000 after acquiring an additional 15,129 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

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NewMarket Stock Up 1.3 %

Shares of NEU stock traded up $6.89 on Wednesday, reaching $555.04. 39,333 shares of the company's stock traded hands, compared to its average volume of 46,022. The company has a market capitalization of $5.27 billion, a P/E ratio of 11.51 and a beta of 0.41. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $638.21. The business's 50 day moving average price is $529.02 and its two-hundred day moving average price is $533.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75.

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 (EPS) for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.98%. This is a positive change from NewMarket's previous quarterly dividend of $2.50. The ex-dividend date is Monday, March 17th. NewMarket's dividend payout ratio is presently 22.82%.

Analyst Ratings Changes

Separately, StockNews.com downgraded NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th.

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.