1,389 Shares in NewMarket Corporation $NEU Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC acquired a new stake in NewMarket Corporation (NYSE:NEU) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,389 shares of the specialty chemicals company’s stock, valued at approximately $890,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in NewMarket by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company’s stock valued at $569,600,000 after acquiring an additional 15,813 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NewMarket by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 182,335 shares of the specialty chemicals company’s stock worth $125,321,000 after purchasing an additional 2,633 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 8,978 shares during the period. AQR Capital Management LLC increased its position in 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 buying an additional 91,458 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its position in NewMarket by 16.9% in the 4th quarter. Caisse de depot et placement du Quebec now owns 116,002 shares of the specialty chemicals company’s stock valued at $79,724,000 after buying an additional 16,746 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat.com, NewMarket has an average rating of “Buy”.

NewMarket Stock Performance

NEU opened at $785.69 on Thursday. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $875.97. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 17.95 and a beta of 0.56. The company’s fifty day moving average price is $746.06 and its two-hundred day moving average price is $688.64. 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 (NYSE:NEU) last issued its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. The firm 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued 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 of this dividend was Monday, June 15th. NewMarket’s payout ratio is currently 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.