BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New $928,000 Investment in NewMarket Co. (NYSE:NEU)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of NewMarket Co. (NYSE:NEU) during the second quarter, HoldingsChannel.com reports. The fund bought 1,800 shares of the specialty chemicals company’s stock, valued at approximately $928,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NewMarket by 35.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the specialty chemicals company’s stock valued at $639,000 after acquiring an additional 321 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of NewMarket by 27.4% in the second quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company’s stock worth $20,367,000 after purchasing an additional 8,496 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in NewMarket by 112.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the specialty chemicals company’s stock worth $1,167,000 after buying an additional 1,195 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in NewMarket by 17.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 850 shares of the specialty chemicals company’s stock valued at $438,000 after buying an additional 126 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in NewMarket by 31.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company’s stock valued at $2,251,000 after buying an additional 1,056 shares during the period. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

NewMarket Trading Up 1.0 %

NEU opened at $573.77 on Tuesday. NewMarket Co. has a 52 week low of $436.90 and a 52 week high of $650.00. The company has a market capitalization of $5.50 billion, a P/E ratio of 13.80 and a beta of 0.47. The stock’s fifty day moving average is $542.61 and its two-hundred day moving average is $566.96. The company has a quick ratio of 1.48, a current ratio of 2.66 and a debt-to-equity ratio of 0.95.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 EPS for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%. The firm had revenue of $710.23 million for the quarter.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $2.50 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.74%. NewMarket’s payout ratio is presently 24.06%.

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.

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $544.31, for a total transaction of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at $194,862.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 20.40% of the company’s stock.

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.