Eubel Brady & Suttman Asset Management Inc. Acquires New Holdings in NewMarket Corporation $NEU

Eubel Brady & Suttman Asset Management Inc. bought a new position in NewMarket Corporation (NYSE:NEU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,725 shares of the specialty chemicals company’s stock, valued at approximately $16,336,000. NewMarket comprises approximately 1.9% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 25th biggest position. Eubel Brady & Suttman Asset Management Inc. owned 0.21% of NewMarket at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NewMarket by 100.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 39 shares during the period. NewEdge Advisors LLC increased its position in NewMarket by 1,442.4% during the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after acquiring an additional 476 shares during the last quarter. United Services Automobile Association bought a new position in NewMarket in the first quarter valued at about $266,000. Empowered Funds LLC boosted its position in NewMarket by 4.8% in the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after purchasing an additional 72 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in NewMarket by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after purchasing an additional 1,995 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NEU opened at $697.81 on Thursday. The business has a 50-day simple moving average of $702.79 and a two-hundred day simple moving average of $754.51. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. NewMarket Corporation has a 52 week low of $510.07 and a 52 week high of $875.97. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 14.74 and a beta of 0.48.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. The firm had revenue of $635.40 million for the quarter. NewMarket had a return on equity of 28.53% and a net margin of 16.33%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NewMarket in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, NewMarket currently has an average rating of “Buy”.

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.