Pacer Advisors Inc. Has $107.93 Million Holdings in NewMarket Co. (NYSE:NEU)

Pacer Advisors Inc. decreased its position in NewMarket Co. (NYSE:NEU) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,572 shares of the specialty chemicals company’s stock after selling 2,677 shares during the period. Pacer Advisors Inc. owned 2.04% of NewMarket worth $107,934,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NEU. Thrivent Financial for Lutherans grew its position in NewMarket by 8.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,803 shares of the specialty chemicals company’s stock worth $995,000 after acquiring an additional 134 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in NewMarket by 4.8% during the third quarter. Mutual of America Capital Management LLC now owns 4,147 shares of the specialty chemicals company’s stock worth $2,289,000 after acquiring an additional 191 shares in the last quarter. Natixis Advisors LLC boosted its stake in NewMarket by 19.4% in the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock worth $9,522,000 after purchasing an additional 2,807 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of NewMarket by 19.1% in the 3rd quarter. Empowered Funds LLC now owns 924 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 148 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in NewMarket by 13.6% during the third quarter. Victory Capital Management Inc. now owns 20,284 shares of the specialty chemicals company’s stock valued at $11,195,000 after purchasing an additional 2,436 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NewMarket Price Performance

Shares of NEU stock opened at $536.33 on Friday. The stock’s 50-day moving average is $540.01 and its 200 day moving average is $541.89. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The company has a market cap of $5.15 billion, a P/E ratio of 11.91 and a beta of 0.50.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The firm had revenue of $724.95 million during the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.86%. NewMarket’s dividend payout ratio is currently 22.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

NewMarket 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.