5,988 Shares in NewMarket Co. (NYSE:NEU) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of NewMarket Co. (NYSE:NEU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,988 shares of the specialty chemicals company’s stock, valued at approximately $3,164,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of NewMarket by 8.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,803 shares of the specialty chemicals company’s stock worth $995,000 after acquiring an additional 134 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NewMarket by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock worth $43,459,000 after purchasing an additional 7,719 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of NewMarket by 51.2% during the 3rd quarter. Citigroup Inc. now owns 6,679 shares of the specialty chemicals company’s stock valued at $3,686,000 after purchasing an additional 2,262 shares during the last quarter. Larson Financial Group LLC grew its position in shares of NewMarket by 51.6% during the third quarter. Larson Financial Group LLC now owns 482 shares of the specialty chemicals company’s stock valued at $266,000 after purchasing an additional 164 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NewMarket in the third quarter worth about $275,000. Institutional investors own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

NewMarket Trading Up 0.6 %

NEU stock opened at $558.06 on Friday. The firm has a fifty day moving average price of $531.40 and a 200 day moving average price of $533.38. NewMarket Co. has a fifty-two week low of $480.00 and a fifty-two week high of $638.21. The firm has a market cap of $5.29 billion, a PE ratio of 11.58 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75.

NewMarket (NYSE:NEU) last issued its quarterly earnings data 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $2.75 per share. The ex-dividend date is 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 1.97%. NewMarket’s dividend payout ratio is 22.82%.

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.