LSV Asset Management Raises Holdings in NewMarket Co. (NYSE:NEU)

LSV Asset Management raised its stake in shares of NewMarket Co. (NYSE:NEU) by 10.4% during the 4th quarter, Holdings Channel reports. The fund owned 253,506 shares of the specialty chemicals company’s stock after purchasing an additional 23,938 shares during the period. LSV Asset Management’s holdings in NewMarket were worth $138,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NEU. FSC Wealth Advisors LLC bought a new stake in shares of NewMarket in the 4th quarter valued at about $39,000. Hanseatic Management Services Inc. acquired a new position in NewMarket during the 3rd quarter valued at about $41,000. Lindbrook Capital LLC raised its stake in NewMarket by 35.6% in the fourth quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 21 shares during the last quarter. GAMMA Investing LLC purchased a new stake in NewMarket in the fourth quarter valued at about $50,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of NewMarket by 153.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after acquiring an additional 187 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Stock Performance

Shares of NEU stock traded up $7.37 during trading hours on Friday, hitting $546.89. The company’s stock had a trading volume of 30,562 shares, compared to its average volume of 44,288. The company has a current ratio of 2.86, a quick ratio of 1.60 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $604.77 and a 200 day moving average of $563.95. NewMarket Co. has a 12-month low of $387.16 and a 12-month high of $650.00. The stock has a market cap of $5.24 billion, a PE ratio of 13.16 and a beta of 0.51.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. The company had revenue of $696.74 million for the quarter. NewMarket had a return on equity of 38.99% and a net margin of 14.82%.

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, June 14th. NewMarket’s dividend payout ratio is currently 24.06%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.