NewMarket Co. (NYSE:NEU) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of NewMarket Co. (NYSE:NEU) by 18.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,078 shares of the specialty chemicals company’s stock after selling 244 shares during the quarter. Quantbot Technologies LP’s holdings in NewMarket were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of Montreal Can boosted its stake in NewMarket by 4.7% in the 2nd quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 33 shares during the last quarter. Arizona State Retirement System grew its holdings in NewMarket by 1.8% in the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock valued at $1,038,000 after purchasing an additional 36 shares during the period. DekaBank Deutsche Girozentrale raised its stake in NewMarket by 13.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock worth $210,000 after purchasing an additional 45 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of NewMarket by 36.9% in the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 59 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of NewMarket during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE NEU opened at $542.19 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The firm has a market capitalization of $5.21 billion, a P/E ratio of 12.04 and a beta of 0.50. The business’s 50-day simple moving average is $538.01 and its 200-day simple moving average is $540.65.

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

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NewMarket from a “buy” rating to a “strong-buy” rating in a report 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.