2 days Ago By ABMN Staff
Russell Investments Group Ltd. raised its position in shares of NewMarket Co. ( NYSE:NEU – Free Report ) by 41.
7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,075 shares of the specialty chemicals company’s stock after acquiring an additional 2,082 shares during the quarter.
Russell Investments Group Ltd.’s holdings in NewMarket were worth $3,738,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Eagle Bay Advisors LLC purchased a new stake in shares of NewMarket during the fourth quarter worth approximately $40,000. Centricity Wealth Management LLC acquired a new stake in NewMarket during the 4th quarter worth $56,000. Blue Trust Inc.
grew its holdings in shares of NewMarket by 55.3% during the fourth quarter. Blue Trust Inc.
now owns 118 shares of the specialty chemicals company’s stock worth $65,000 after buying an additional 42 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at about $74,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of NewMarket by 481.
5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company’s stock worth $83,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 61.
09% of the company’s stock. NewMarket Price Performance NEU stock opened at $561.02 on Wednesday.
NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $596.
89. The firm has a market capitalization of $5.32 billion, a PE ratio of 11.
64 and a beta of 0.44. The company has a debt-to-equity ratio of 0.
66, a current ratio of 2.75 and a quick ratio of 1.40.
The business has a 50 day simple moving average of $546.62 and a 200-day simple moving average of $532.76.
NewMarket Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $2.75 per share.
The ex-dividend date of this dividend was Monday, March 17th. This is an increase from NewMarket’s previous quarterly dividend of $2.50.
This represents a $11.00 dividend on an annualized basis and a yield of 1.96%.
NewMarket’s payout ratio is 22.82%. Wall Street Analysts Forecast Growth Separately, StockNews.
com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. View Our Latest Analysis on NEU 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.
See Also 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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