Natixis Advisors LLC Grows Holdings in NewMarket Co. (NYSE:NEU)

Natixis Advisors LLC grew its stake in shares of NewMarket Co. (NYSE:NEU) by 19.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,254 shares of the specialty chemicals company’s stock after purchasing an additional 2,807 shares during the quarter. Natixis Advisors LLC’s holdings in NewMarket were worth $9,522,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in shares of NewMarket during the second quarter valued at $33,000. Quest Partners LLC bought a new stake in shares of NewMarket in the 2nd quarter valued at about $38,000. Blue Trust Inc. lifted its position in shares of NewMarket by 590.9% in the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 65 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of NewMarket during the second quarter valued at approximately $54,000. Finally, nVerses Capital LLC purchased a new position in NewMarket during the second quarter valued at approximately $103,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NEU stock opened at $536.33 on Friday. The company has a market cap of $5.15 billion, a P/E ratio of 11.91 and a beta of 0.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The stock’s 50-day moving average is $540.01 and its 200 day moving average is $541.89. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00.

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

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 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 1.86%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s payout ratio is presently 22.21%.

Wall Street Analysts Forecast Growth

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

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.