WINTON GROUP Ltd lifted its position in NewMarket Co. (NYSE:NEU) by 55.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,110 shares of the specialty chemicals company’s stock after purchasing an additional 9,646 shares during the period. WINTON GROUP Ltd owned about 0.24% of NewMarket worth $10,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of NewMarket by 11.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,130 shares of the specialty chemicals company’s stock valued at $22,705,000 after purchasing an additional 5,801 shares during the period. Victory Capital Management Inc. lifted its stake in shares of NewMarket by 13.3% in the 2nd quarter. Victory Capital Management Inc. now owns 10,643 shares of the specialty chemicals company’s stock valued at $4,305,000 after purchasing an additional 1,250 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of NewMarket by 32.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 890 shares of the specialty chemicals company’s stock valued at $359,000 after purchasing an additional 220 shares during the period. Simplex Trading LLC lifted its stake in shares of NewMarket by 27.9% in the 3rd quarter. Simplex Trading LLC now owns 1,232 shares of the specialty chemicals company’s stock valued at $499,000 after purchasing an additional 269 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of NewMarket by 47.5% in the 2nd quarter. Brown Advisory Inc. now owns 941 shares of the specialty chemicals company’s stock valued at $381,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 56.52% of the company’s stock.
Separately, ValuEngine upgraded shares of NewMarket from a “sell” rating to a “hold” rating in a research note on Monday, August 20th.
Shares of NYSE NEU opened at $407.30 on Friday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 23.42 and a beta of 0.66. The company has a quick ratio of 1.88, a current ratio of 3.28 and a debt-to-equity ratio of 1.45. NewMarket Co. has a one year low of $352.89 and a one year high of $437.63.
NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 24th. The specialty chemicals company reported $5.12 EPS for the quarter, topping the consensus estimate of $4.94 by $0.18. The company had revenue of $563.17 million during the quarter. NewMarket had a net margin of 7.61% and a return on equity of 34.96%.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, December 14th.
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NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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