NewMarket Corporation $NEU Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in NewMarket Corporation (NYSE:NEU) by 376.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,416 shares of the specialty chemicals company’s stock after acquiring an additional 19,292 shares during the quarter. Sei Investments Co.’s holdings in NewMarket were worth $15,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NEU. Norges Bank purchased a new stake in shares of NewMarket in the 4th quarter valued at about $64,654,000. AQR Capital Management LLC raised its stake in NewMarket by 196.7% during 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 acquiring an additional 91,458 shares during the last quarter. Caisse de depot et placement du Quebec increased its holdings in shares of NewMarket by 376.4% in the third quarter. Caisse de depot et placement du Quebec now owns 99,256 shares of the specialty chemicals company’s stock valued at $82,205,000 after purchasing an additional 78,422 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of NewMarket by 7,743.0% during the fourth quarter. Corient Private Wealth LLC now owns 75,763 shares of the specialty chemicals company’s stock worth $52,069,000 after purchasing an additional 74,797 shares during the period. Finally, Invesco Ltd. grew its position in NewMarket by 112.4% in the 3rd quarter. Invesco Ltd. now owns 67,633 shares of the specialty chemicals company’s stock valued at $56,014,000 after buying an additional 35,789 shares during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Trading Up 9.5%

Shares of NEU opened at $862.83 on Friday. The stock has a fifty day moving average of $785.20 and a two-hundred day moving average of $698.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55. The company has a market capitalization of $7.94 billion, a PE ratio of 18.56 and a beta of 0.56. NewMarket Corporation has a fifty-two week low of $580.03 and a fifty-two week high of $876.33.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (EPS) for the quarter. The business had revenue of $747.09 million for the quarter. NewMarket had a return on equity of 25.00% and a net margin of 15.80%.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company 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.