WINTON GROUP Ltd Makes New $3.16 Million Investment in NewMarket Co. (NYSE:NEU)

WINTON GROUP Ltd purchased a new position in NewMarket Co. (NYSE:NEU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,988 shares of the specialty chemicals company's stock, valued at approximately $3,164,000. WINTON GROUP Ltd owned about 0.06% of NewMarket as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in NewMarket by 34.5% during 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 acquired a new stake in shares of NewMarket during the fourth quarter valued at approximately $252,000. Empowered Funds LLC lifted its position in shares of NewMarket by 61.3% in the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company's stock valued at $787,000 after acquiring an additional 566 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in NewMarket by 5.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock worth $550,000 after purchasing an additional 55 shares during the period. Finally, JPMorgan Chase & Co. grew its position in NewMarket by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company's stock worth $27,917,000 after purchasing an additional 722 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

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Analyst Ratings Changes

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

NewMarket Stock Up 1.8 %

NYSE NEU traded up $9.92 during trading on Monday, reaching $562.09. 17,149 shares of the company's stock were exchanged, compared to its average volume of 35,846. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $637.40. The company's fifty day simple moving average is $532.52 and its 200-day simple moving average is $532.78. The firm has a market capitalization of $5.33 billion, a PE ratio of 11.66 and a beta of 0.41.

NewMarket (NYSE:NEU - Get Free Report) last posted its quarterly 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $2.75 per share. This is a boost from NewMarket's previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, March 17th. NewMarket's payout ratio is currently 22.82%.

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.