NewMarket Co. (NEU) Insider Sells $105,478.00 in Stock
NewMarket Co. (NYSE:NEU) insider Robert A. Shama sold 230 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $458.60, for a total value of $105,478.00. Following the sale, the insider now directly owns 1,850 shares in the company, valued at $848,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NewMarket Co. (NYSE:NEU) traded up 0.36% during mid-day trading on Tuesday, reaching $461.62. The company had a trading volume of 40,564 shares. NewMarket Co. has a 12 month low of $385.66 and a 12 month high of $483.86. The firm’s 50 day moving average price is $456.29 and its 200-day moving average price is $434.84. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 22.28 and a beta of 0.62.
NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, April 26th. The specialty chemicals company reported $5.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.04 by $1.35. The business had revenue of $542.80 million during the quarter, compared to the consensus estimate of $509 million. NewMarket had a return on equity of 55.27% and a net margin of 11.88%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.42 EPS. Equities research analysts anticipate that NewMarket Co. will post $20.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, June 13th. NewMarket’s dividend payout ratio (DPR) is 31.16%.
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Several institutional investors have recently modified their holdings of NEU. US Bancorp DE increased its position in shares of NewMarket by 2.5% in the first quarter. US Bancorp DE now owns 245 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 6 shares during the period. TrimTabs Asset Management LLC increased its position in shares of NewMarket by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 273 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 128 shares during the period. Tyers Asset Management LLC acquired a new position in shares of NewMarket during the fourth quarter worth about $129,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of NewMarket by 38.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 335 shares of the specialty chemicals company’s stock worth $152,000 after buying an additional 93 shares during the period. Finally, CENTRAL TRUST Co increased its position in shares of NewMarket by 3.0% in the first quarter. CENTRAL TRUST Co now owns 414 shares of the specialty chemicals company’s stock worth $188,000 after buying an additional 12 shares during the period. 56.72% of the stock is owned by institutional investors and hedge funds.
NewMarket Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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