Great Valley Advisor Group Inc. Makes New Investment in NewMarket Co. (NYSE:NEU)

Great Valley Advisor Group Inc. acquired a new stake in NewMarket Co. (NYSE:NEU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,337 shares of the specialty chemicals company’s stock, valued at approximately $1,276,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEU. LSV Asset Management boosted its stake in NewMarket by 62.7% during the third quarter. LSV Asset Management now owns 229,568 shares of the specialty chemicals company’s stock worth $104,463,000 after buying an additional 88,476 shares during the period. Pacer Advisors Inc. grew its holdings in NewMarket by 4,435.3% during the 4th quarter. Pacer Advisors Inc. now owns 87,350 shares of the specialty chemicals company’s stock valued at $47,678,000 after purchasing an additional 85,424 shares during the last quarter. Vanguard Group Inc. raised its position in NewMarket by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 717,923 shares of the specialty chemicals company’s stock worth $326,684,000 after purchasing an additional 40,028 shares during the period. Invesco Ltd. lifted its stake in NewMarket by 41.2% in the third quarter. Invesco Ltd. now owns 105,136 shares of the specialty chemicals company’s stock worth $47,841,000 after purchasing an additional 30,694 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in NewMarket by 94.3% in the third quarter. Acadian Asset Management LLC now owns 51,799 shares of the specialty chemicals company’s stock worth $23,560,000 after purchasing an additional 25,139 shares during the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 4th.

NewMarket Trading Up 1.4 %

NEU stock opened at $546.89 on Friday. The company has a market capitalization of $5.24 billion, a PE ratio of 13.16 and a beta of 0.51. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. NewMarket Co. has a 12 month low of $387.16 and a 12 month high of $650.00. The firm’s 50-day moving average is $604.77 and its 200 day moving average is $563.95.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. The firm had revenue of $696.74 million during the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, June 14th. NewMarket’s payout ratio is 24.06%.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.