SG Americas Securities LLC Decreases Stake in NewMarket Corporation $NEU

SG Americas Securities LLC lessened its holdings in shares of NewMarket Corporation (NYSE:NEU) by 18.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,976 shares of the specialty chemicals company’s stock after selling 879 shares during the quarter. SG Americas Securities LLC’s holdings in NewMarket were worth $2,548,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in NewMarket by 16.4% during the 3rd quarter. Natixis Advisors LLC now owns 28,785 shares of the specialty chemicals company’s stock worth $23,840,000 after purchasing an additional 4,059 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in NewMarket by 4,647.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,555 shares of the specialty chemicals company’s stock valued at $3,818,000 after purchasing an additional 5,438 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in NewMarket by 28.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 16,087 shares of the specialty chemicals company’s stock valued at $11,056,000 after purchasing an additional 3,550 shares during the period. Dimensional Fund Advisors LP raised its position in NewMarket by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock valued at $148,820,000 after purchasing an additional 2,049 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of NewMarket by 120.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,264 shares of the specialty chemicals company’s stock worth $2,703,000 after purchasing an additional 1,786 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 0.2%

NYSE NEU opened at $792.25 on Wednesday. The company’s fifty day simple moving average is $743.21 and its 200-day simple moving average is $688.54. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $875.97. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.29 billion, a P/E ratio of 18.10 and a beta of 0.56.

NewMarket (NYSE:NEU) last announced its earnings results 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 during the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

NewMarket Dividend Announcement

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

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, NewMarket has a consensus rating of “Buy”.

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.