Yousif Capital Management LLC Increases Stock Holdings in NewMarket Co. (NYSE:NEU)

Yousif Capital Management LLC lifted its position in NewMarket Co. (NYSE:NEU) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,292 shares of the specialty chemicals company’s stock after buying an additional 111 shares during the quarter. Yousif Capital Management LLC’s holdings in NewMarket were worth $1,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSC Wealth Advisors LLC purchased a new stake in shares of NewMarket in the fourth quarter worth about $39,000. Hanseatic Management Services Inc. purchased a new stake in NewMarket in the third quarter valued at approximately $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 purchasing an additional 21 shares in the last quarter. GAMMA Investing LLC purchased a new stake in NewMarket in the fourth quarter valued at approximately $50,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in NewMarket by 153.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock valued at $141,000 after purchasing an additional 187 shares in the last quarter. 61.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Trading Up 0.6 %

Shares of NEU opened at $530.12 on Thursday. The firm’s 50 day simple moving average is $608.06 and its 200 day simple moving average is $563.50. The company has a market capitalization of $5.08 billion, a P/E ratio of 12.75 and a beta of 0.45. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. NewMarket Co. has a 1-year low of $387.16 and a 1-year high of $650.00.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, June 14th. NewMarket’s dividend payout ratio (DPR) is presently 24.06%.

About NewMarket

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.