Hsbc Holdings PLC Grows Stock Holdings in NewMarket Corporation $NEU

Hsbc Holdings PLC grew its position in NewMarket Corporation (NYSE:NEU) by 1,992.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,148 shares of the specialty chemicals company’s stock after buying an additional 4,902 shares during the period. Hsbc Holdings PLC owned 0.05% of NewMarket worth $3,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in NewMarket during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in NewMarket in the third quarter worth $27,000. International Assets Investment Management LLC purchased a new position in NewMarket in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of NewMarket by 50.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

NewMarket Stock Performance

Shares of NEU opened at $791.31 on Monday. The stock has a 50-day moving average of $737.15 and a two-hundred day moving average of $688.08. NewMarket Corporation has a one year low of $580.03 and a one year high of $875.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55. The stock has a market cap of $7.28 billion, a P/E ratio of 18.07 and a beta of 0.56.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share for the quarter. The business had revenue of $669.72 million for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 15th. NewMarket’s payout ratio is presently 27.41%.

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.