NewMarket Co. (NYSE:NEU) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in NewMarket Co. (NYSE:NEU) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,750 shares of the specialty chemicals company’s stock after purchasing an additional 41 shares during the quarter. Los Angeles Capital Management LLC owned about 0.09% of NewMarket worth $4,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSC Wealth Advisors LLC acquired a new position in shares of NewMarket during the fourth quarter valued at approximately $39,000. Hanseatic Management Services Inc. acquired a new position in shares of NewMarket during the 3rd quarter valued at $41,000. Lindbrook Capital LLC raised its stake in shares of NewMarket by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 21 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at $50,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in NewMarket by 153.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock valued at $141,000 after buying an additional 187 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

Wall Street Analyst Weigh In

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

NewMarket Stock Up 1.4 %

NEU stock opened at $546.89 on Monday. The firm has a market cap of $5.24 billion, a PE ratio of 13.16 and a beta of 0.51. NewMarket Co. has a 12 month low of $387.16 and a 12 month high of $650.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $604.77 and a 200 day simple moving average of $565.43.

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

NewMarket Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 14th. This represents a $10.00 dividend on an annualized basis and a yield of 1.83%. NewMarket’s dividend payout ratio is currently 24.06%.

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.