Intech Investment Management LLC Takes $1.18 Million Position in NewMarket Corporation $NEU

Intech Investment Management LLC acquired a new stake in NewMarket Corporation (NYSE:NEU) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,723 shares of the specialty chemicals company’s stock, valued at approximately $1,184,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of NewMarket by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company’s stock valued at $569,600,000 after purchasing an additional 15,813 shares during the last quarter. LSV Asset Management boosted its stake in shares of NewMarket by 2.4% in the 3rd quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company’s stock valued at $222,318,000 after purchasing an additional 6,284 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NewMarket by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock valued at $148,820,000 after purchasing an additional 2,049 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of NewMarket by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 175,649 shares of the specialty chemicals company’s stock valued at $120,737,000 after purchasing an additional 8,978 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of NewMarket by 196.7% in the 3rd quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company’s stock valued at $114,246,000 after purchasing an additional 91,458 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, NewMarket has a consensus rating of “Hold”.

NewMarket Stock Performance

Shares of NEU stock opened at $789.09 on Friday. The firm has a market capitalization of $7.26 billion, a PE ratio of 18.02 and a beta of 0.56. The firm has a fifty day simple moving average of $688.73 and a two-hundred day simple moving average of $683.94. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $875.97.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. The business had revenue of $669.72 million during the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

NewMarket Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 15th. NewMarket’s payout ratio is 27.41%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.