Handelsbanken Fonder AB Buys 100 Shares of NewMarket Co. (NYSE:NEU)

Handelsbanken Fonder AB grew its stake in shares of NewMarket Co. (NYSE:NEU) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,400 shares of the specialty chemicals company’s stock after buying an additional 100 shares during the period. Handelsbanken Fonder AB’s holdings in NewMarket were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NEU. Blue Trust Inc. lifted its holdings in NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 65 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of NewMarket in the fourth quarter worth $40,000. ORG Partners LLC bought a new stake in shares of NewMarket during the 4th quarter valued at $159,000. KBC Group NV lifted its stake in shares of NewMarket by 82.4% during the 4th quarter. KBC Group NV now owns 321 shares of the specialty chemicals company’s stock valued at $170,000 after buying an additional 145 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in NewMarket by 10.9% in the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company’s stock worth $189,000 after buying an additional 35 shares during the period. 61.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

NewMarket Stock Up 0.1 %

NYSE NEU opened at $563.16 on Thursday. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $650.00. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.36 billion, a PE ratio of 11.68 and a beta of 0.48. The stock’s 50 day moving average is $516.30 and its 200 day moving average is $534.35.

NewMarket (NYSE:NEU) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

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.