NewMarket (NYSE:NEU) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of NewMarket (NYSE:NEU) from a strong-buy rating to a buy rating in a report released on Wednesday.

NewMarket Stock Performance

Shares of NYSE:NEU opened at $547.59 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. The firm has a market cap of $5.21 billion, a PE ratio of 11.36 and a beta of 0.48. The firm’s 50 day simple moving average is $515.56 and its 200-day simple moving average is $534.17. NewMarket has a one year low of $480.00 and a one year high of $650.00.

NewMarket (NYSE:NEU) last issued its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

Institutional Investors Weigh In On NewMarket

Several large investors have recently modified their holdings of the business. Bessemer Group Inc. raised its stake in NewMarket by 166.7% in the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 30 shares in the last quarter. Blue Trust Inc. grew 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 buying an additional 65 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in NewMarket during the fourth quarter valued at approximately $40,000. Centricity Wealth Management LLC purchased a new position in NewMarket in the fourth quarter worth $56,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of NewMarket during the fourth quarter worth $59,000. Institutional investors own 61.09% of the company’s stock.

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.