NewMarket Corporation $NEU Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in NewMarket Corporation (NYSE:NEU) by 42.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,363 shares of the specialty chemicals company’s stock after acquiring an additional 1,302 shares during the quarter. Ritholtz Wealth Management’s holdings in NewMarket were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 39 shares in the last quarter. NewEdge Advisors LLC raised its holdings in NewMarket by 1,442.4% in the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after buying an additional 476 shares during the period. United Services Automobile Association acquired a new position in NewMarket during the first quarter valued at approximately $266,000. Empowered Funds LLC grew its stake in NewMarket by 4.8% during the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after buying an additional 72 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NewMarket by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after acquiring an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Down 1.2%

Shares of NYSE:NEU opened at $791.31 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $875.97. The company has a 50 day moving average of $737.15 and a two-hundred day moving average of $688.57. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.07 and a beta of 0.56.

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

NewMarket Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About NewMarket

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.