Van ECK Associates Corp Increases Position in NewMarket Co. (NYSE:NEU)

Van ECK Associates Corp increased its holdings in shares of NewMarket Co. (NYSE:NEU - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,774 shares of the specialty chemicals company's stock after purchasing an additional 2,655 shares during the period. Van ECK Associates Corp owned approximately 0.08% of NewMarket worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC raised its holdings in shares of NewMarket by 19.4% during the third quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company's stock worth $9,522,000 after purchasing an additional 2,807 shares during the last quarter. Barclays PLC increased its holdings 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 buying an additional 1,235 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in NewMarket in the fourth quarter valued at $252,000. Empowered Funds LLC increased its holdings in NewMarket by 61.3% in the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock valued at $787,000 after buying an additional 566 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in NewMarket by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock valued at $27,917,000 after buying an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of NewMarket from a "strong-buy" rating to a "buy" rating in a report on Wednesday.

NewMarket Price Performance

Shares of NEU stock traded down $3.69 on Friday, reaching $544.62. 10,222 shares of the company were exchanged, compared to its average volume of 35,849. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 11.30 and a beta of 0.48. The business has a 50-day moving average price of $515.56 and a 200 day moving average price of $534.17. 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 Co. has a 1 year low of $480.00 and a 1 year high of $650.00.

NewMarket (NYSE:NEU - Get Free Report) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Company 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.