DekaBank Deutsche Girozentrale Sells 45 Shares of NewMarket Co. (NYSE:NEU)

DekaBank Deutsche Girozentrale lowered its position in NewMarket Co. (NYSE:NEU) by 11.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337 shares of the specialty chemicals company’s stock after selling 45 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NewMarket were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NEU. Jupiter Asset Management Ltd. purchased a new stake in shares of NewMarket in the second quarter worth approximately $3,509,000. American Century Companies Inc. increased its stake in NewMarket by 2.3% in the second quarter. American Century Companies Inc. now owns 19,403 shares of the specialty chemicals company’s stock worth $10,004,000 after purchasing an additional 431 shares during the period. AGF Management Ltd. lifted its position in shares of NewMarket by 31.1% during the second quarter. AGF Management Ltd. now owns 4,280 shares of the specialty chemicals company’s stock worth $2,207,000 after purchasing an additional 1,016 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of NewMarket during the second quarter worth $33,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of NewMarket by 17.9% during the second quarter. Texas Permanent School Fund Corp now owns 7,124 shares of the specialty chemicals company’s stock valued at $3,673,000 after purchasing an additional 1,081 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Activity

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the 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 in the company, valued at $194,862.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 20.40% of the company’s stock.

NewMarket Stock Performance

NewMarket stock opened at $541.31 on Friday. NewMarket Co. has a fifty-two week low of $436.90 and a fifty-two week high of $650.00. The company has a market capitalization of $5.19 billion, a PE ratio of 13.02 and a beta of 0.50. The company has a 50 day moving average price of $552.83 and a 200-day moving average price of $560.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.48 and a current ratio of 2.66.

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

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders 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 yield of 1.85%. The ex-dividend date of this dividend is Monday, September 16th. NewMarket’s dividend payout ratio (DPR) is 24.06%.

Wall Street Analyst Weigh In

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 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.