NewMarket Co. (NYSE:NEU) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NewMarket Co. (NYSE:NEU) by 35.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,239 shares of the specialty chemicals company’s stock after buying an additional 321 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NewMarket were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NEU. ORG Partners LLC purchased a new stake in NewMarket during the first quarter valued at about $30,000. UMB Bank n.a. increased its position in NewMarket by 64.5% during the 1st quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 20 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in NewMarket by 1,300.0% in the first quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 52 shares during the period. EntryPoint Capital LLC raised its holdings in NewMarket by 29.6% in the first quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 40 shares during the period. Finally, Principal Securities Inc. acquired a new position in NewMarket during the fourth quarter valued at approximately $124,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NewMarket Trading Down 1.9 %

Shares of NEU opened at $540.21 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. NewMarket Co. has a 12 month low of $436.90 and a 12 month high of $650.00. The stock has a market cap of $5.18 billion, a PE ratio of 13.05 and a beta of 0.47. The stock’s 50-day moving average is $544.12 and its two-hundred day moving average is $566.55.

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

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, September 16th. NewMarket’s payout ratio is 24.06%.

Insider Buying and Selling

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the sale, the chief accounting officer now owns 358 shares in the company, valued at approximately $194,862.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 20.40% of the company’s stock.

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.