JLB & Associates Inc. Purchases Shares of 1,438 NewMarket Corporation $NEU

JLB & Associates Inc. acquired a new position in shares of NewMarket Corporation (NYSE:NEU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,438 shares of the specialty chemicals company’s stock, valued at approximately $1,138,000.

A number of other large investors have also recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of NewMarket during the fourth quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in shares of NewMarket in the 2nd quarter worth about $28,000. International Assets Investment Management LLC acquired a new stake in shares of NewMarket in the 4th quarter worth about $27,000. Quarry LP bought a new position in NewMarket in the 3rd quarter valued at about $52,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in NewMarket by 50.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 25 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Performance

NYSE NEU opened at $950.14 on Wednesday. NewMarket Corporation has a 1 year low of $580.03 and a 1 year high of $981.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.23. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 20.44 and a beta of 0.56. The company has a fifty day moving average price of $818.49 and a 200-day moving average price of $721.09.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%. The company had revenue of $747.09 million during the quarter.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. NewMarket’s dividend payout ratio is presently 25.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded NewMarket from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.