O Shaughnessy Asset Management LLC Increases Position in NewMarket Co. (NYSE:NEU)

O Shaughnessy Asset Management LLC lifted its holdings in shares of NewMarket Co. (NYSE:NEU) by 19.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,039 shares of the specialty chemicals company’s stock after acquiring an additional 657 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NewMarket were worth $2,563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its holdings in NewMarket by 64.5% in the first quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 20 shares during the last quarter. Lindbrook Capital LLC increased its holdings 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. Los Angeles Capital Management LLC increased its holdings in NewMarket by 0.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,750 shares of the specialty chemicals company’s stock valued at $4,776,000 after buying an additional 41 shares during the last quarter. Park Avenue Securities LLC increased its holdings in NewMarket by 4.0% in the first quarter. Park Avenue Securities LLC now owns 1,254 shares of the specialty chemicals company’s stock valued at $796,000 after buying an additional 48 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in NewMarket in the first quarter valued at about $30,000. 61.09% of the stock is owned by hedge funds and other institutional investors.

NewMarket Stock Performance

NEU stock traded down $6.27 during midday trading on Wednesday, reaching $543.42. The company had a trading volume of 30,585 shares, compared to its average volume of 40,101. The company has a quick ratio of 1.60, a current ratio of 2.86 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average price of $532.30 and a 200 day moving average price of $572.19. NewMarket Co. has a fifty-two week low of $429.19 and a fifty-two week high of $650.00. The firm has a market capitalization of $5.21 billion, a PE ratio of 13.05 and a beta of 0.47.

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

NewMarket Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $10.00 annualized dividend and a dividend yield of 1.84%. NewMarket’s dividend payout ratio is presently 24.06%.

Analyst Ratings Changes

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.