Mutual of America Capital Management LLC Decreases Stake in NewMarket Co. (NYSE:NEU)

Mutual of America Capital Management LLC reduced its stake in shares of NewMarket Co. (NYSE:NEU) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,265 shares of the specialty chemicals company’s stock after selling 220 shares during the period. Mutual of America Capital Management LLC’s holdings in NewMarket were worth $2,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ronald Blue Trust Inc. acquired a new position in shares of NewMarket during the 3rd quarter worth $27,000. FSC Wealth Advisors LLC acquired a new position in shares of NewMarket during the 4th quarter worth $39,000. Hanseatic Management Services Inc. acquired a new position in shares of NewMarket during the 3rd quarter worth $41,000. UMB Bank n.a. acquired a new position in shares of NewMarket during the 3rd quarter worth $47,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of NewMarket by 153.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 4th.

NewMarket Trading Up 0.5 %

Shares of NEU stock opened at $586.10 on Friday. The firm has a 50-day moving average price of $615.62 and a 200 day moving average price of $557.38. NewMarket Co. has a twelve month low of $362.16 and a twelve month high of $650.00. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 14.50 and a beta of 0.45. The company has a current ratio of 2.85, a quick ratio of 1.60 and a debt-to-equity ratio of 0.60.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, January 31st. The specialty chemicals company reported $8.38 earnings per share for the quarter. NewMarket had a net margin of 14.41% and a return on equity of 41.33%. The firm had revenue of $643.35 million during the quarter.

NewMarket Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $2.50 dividend. This is an increase from NewMarket’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 14th. This represents a $10.00 annualized dividend and a yield of 1.71%. NewMarket’s payout ratio is presently 24.73%.

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.