NewMarket Co. (NYSE:NEU) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its position in NewMarket Co. (NYSE:NEU) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,098 shares of the specialty chemicals company’s stock after buying an additional 285 shares during the period. Assetmark Inc.’s holdings in NewMarket were worth $1,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at $33,000. Quest Partners LLC acquired a new position in NewMarket in the second quarter valued at $38,000. Blue Trust Inc. grew its position 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 acquiring an additional 65 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in NewMarket during the second quarter worth about $54,000. Finally, nVerses Capital LLC purchased a new position in shares of NewMarket in the 2nd quarter worth about $103,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

Shares of NEU stock opened at $545.28 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.23 billion, a PE ratio of 12.05 and a beta of 0.50. The company’s fifty day simple moving average is $541.49 and its 200-day simple moving average is $541.68. NewMarket Co. has a 52 week low of $494.04 and a 52 week high of $650.00.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The company had revenue of $724.95 million during the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is 22.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

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.