Dimensional Fund Advisors LP raised its position in NewMarket Corporation (NYSE:NEU – Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,507 shares of the specialty chemicals company’s stock after buying an additional 12,172 shares during the period. Dimensional Fund Advisors LP’s holdings in NewMarket were worth $124,658,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SEB Asset Management AB acquired a new stake in shares of NewMarket during the first quarter valued at about $2,065,000. Dorsey Wright & Associates purchased a new position in NewMarket in the first quarter valued at about $231,000. Kesler Norman & Wride LLC grew its stake in NewMarket by 1.6% during the 1st quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock valued at $786,000 after purchasing an additional 19 shares in the last quarter. Assetmark Inc. grew its stake in NewMarket by 10.1% during the 1st quarter. Assetmark Inc. now owns 5,935 shares of the specialty chemicals company’s stock valued at $3,804,000 after purchasing an additional 544 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in NewMarket during the 1st quarter worth approximately $262,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings raised NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
NewMarket Price Performance
Shares of NEU stock opened at $773.16 on Tuesday. The firm has a fifty day moving average of $779.09 and a two-hundred day moving average of $696.38. The firm has a market cap of $7.11 billion, a P/E ratio of 17.66 and a beta of 0.56. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $875.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37.
NewMarket 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.
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