Captrust Financial Advisors purchased a new stake in NewMarket Co. (NYSE:NEU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 462 shares of the specialty chemicals company’s stock, valued at approximately $184,000.
Several other large investors have also added to or reduced their stakes in NEU. Vident Investment Advisory LLC grew its position in shares of NewMarket by 33.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 596 shares of the specialty chemicals company’s stock worth $254,000 after buying an additional 148 shares during the last quarter. Prudential Financial Inc. raised its stake in NewMarket by 2.6% during the third quarter. Prudential Financial Inc. now owns 5,992 shares of the specialty chemicals company’s stock valued at $2,551,000 after buying an additional 152 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NewMarket by 37.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 572 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 156 shares during the last quarter. Pacer Advisors Inc. raised its stake in NewMarket by 17.1% during the third quarter. Pacer Advisors Inc. now owns 1,177 shares of the specialty chemicals company’s stock valued at $501,000 after buying an additional 172 shares during the last quarter. Finally, American International Group Inc. raised its stake in NewMarket by 1.0% during the fourth quarter. American International Group Inc. now owns 19,110 shares of the specialty chemicals company’s stock valued at $7,594,000 after buying an additional 196 shares during the last quarter. 55.71% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet lowered NewMarket from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.
NYSE:NEU traded down $12.98 during mid-day trading on Friday, hitting $398.80. 36,395 shares of the company traded hands, compared to its average volume of 37,092. NewMarket Co. has a one year low of $373.59 and a one year high of $483.86. The firm has a market capitalization of $4,697.47, a PE ratio of 21.25 and a beta of 0.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.42 and a current ratio of 2.63.
NewMarket (NYSE:NEU) last posted its earnings results on Tuesday, February 6th. The specialty chemicals company reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.57). NewMarket had a return on equity of 37.86% and a net margin of 8.67%. The firm had revenue of $559.98 million during the quarter, compared to analysts’ expectations of $522.10 million. During the same quarter in the prior year, the firm posted $3.86 earnings per share. NewMarket’s quarterly revenue was up 11.6% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a dividend of $1.75 per share. The ex-dividend date was Wednesday, March 14th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.76%.
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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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