2 weeks Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. raised its position in shares of NewMarket Co. ( NYSE:NEU – Free Report ) by 5.
6% during the 4th quarter, Holdings Channel reports. The firm owned 1,042 shares of the specialty chemicals company’s stock after buying an additional 55 shares during the quarter. Envestnet Portfolio Solutions Inc.
’s holdings in NewMarket were worth $550,000 as of its most recent filing with the SEC. Other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in NewMarket in the fourth quarter valued at approximately $40,000.
Centricity Wealth Management LLC purchased a new stake in shares of NewMarket in the 4th quarter valued at $56,000. Blue Trust Inc. increased its stake in shares of NewMarket by 55.
3% in the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock worth $65,000 after acquiring an additional 42 shares during the period.
Kohmann Bosshard Financial Services LLC acquired a new position in NewMarket during the fourth quarter valued at $74,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in NewMarket by 481.5% in the fourth quarter.
Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company’s stock valued at $83,000 after purchasing an additional 130 shares during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. NewMarket Trading Up 0.
2 % NewMarket stock opened at $547.66 on Wednesday. The firm has a market cap of $5.
20 billion, a PE ratio of 11.36 and a beta of 0.41.
NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $638.
21. The stock’s 50 day simple moving average is $529.02 and its two-hundred day simple moving average is $533.
06. The company has a current ratio of 2.75, a quick ratio of 1.
40 and a debt-to-equity ratio of 0.66. NewMarket ( NYSE:NEU – Get Free Report ) last announced its quarterly earnings results on Monday, February 3rd.
The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.
59% and a return on equity of 35.48%. NewMarket Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st.
Investors of record on Monday, March 17th will be paid a $2.75 dividend. This represents a $11.
00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, March 17th.
This is a positive change from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s payout ratio is currently 22.
82%. NewMarket Company Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding NEU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewMarket Co. ( NYSE:NEU – Free Report ).
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