NewMarket Co. (NYSE:NEU) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given NewMarket an industry rank of 151 out of 265 based on the ratings given to its competitors.
A number of hedge funds have recently made changes to their positions in NEU. Advisor Group Inc. boosted its holdings in NewMarket by 6.7% in the second quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 15 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in NewMarket by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock valued at $131,000 after acquiring an additional 4 shares during the last quarter. Toronto Dominion Bank bought a new stake in NewMarket in the third quarter valued at approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NewMarket by 24.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock valued at $192,000 after acquiring an additional 81 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in NewMarket in the third quarter valued at approximately $222,000. Institutional investors and hedge funds own 58.62% of the company’s stock.
NewMarket (NEU) traded down $1.57 during trading hours on Friday, hitting $397.63. The stock had a trading volume of 21,548 shares, compared to its average volume of 36,489. NewMarket has a 52 week low of $377.27 and a 52 week high of $483.86. The company has a market capitalization of $4,730.00, a PE ratio of 20.30 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.50 and a current ratio of 2.74.
NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.70 by ($0.66). NewMarket had a net margin of 10.90% and a return on equity of 39.48%. The company had revenue of $584.41 million during the quarter, compared to the consensus estimate of $546.40 million. During the same quarter in the previous year, the company earned $6.00 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, December 14th. NewMarket’s payout ratio is presently 35.73%.
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NewMarket Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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