Knights of Columbus Asset Advisors LLC Makes New $1.18 Million Investment in NewMarket Corporation $NEU

Knights of Columbus Asset Advisors LLC purchased a new position in NewMarket Corporation (NYSE:NEU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,419 shares of the specialty chemicals company’s stock, valued at approximately $1,175,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings in NewMarket by 3.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 779 shares of the specialty chemicals company’s stock worth $645,000 after buying an additional 28 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of NewMarket by 0.7% in the 3rd quarter. Retirement Systems of Alabama now owns 30,630 shares of the specialty chemicals company’s stock valued at $25,368,000 after acquiring an additional 205 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of NewMarket by 3.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 1,365 shares of the specialty chemicals company’s stock worth $1,131,000 after acquiring an additional 43 shares during the period. JLB & Associates Inc. raised its holdings in shares of NewMarket by 6.2% during the third quarter. JLB & Associates Inc. now owns 445 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 26 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in NewMarket by 2.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,138 shares of the specialty chemicals company’s stock valued at $5,912,000 after purchasing an additional 156 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NewMarket in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NewMarket has a consensus rating of “Buy”.

NewMarket Stock Up 0.9%

NEU stock opened at $670.17 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $711.20 and a two-hundred day moving average of $755.52. NewMarket Corporation has a 12 month low of $480.57 and a 12 month high of $875.97. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 14.16 and a beta of 0.49.

NewMarket (NYSE:NEU) last issued its earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.The company had revenue of $690.31 million during the quarter.

NewMarket Company Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.