NewMarket Co. (NYSE:NEU) Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its stake in NewMarket Co. (NYSE:NEU) by 10.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,098 shares of the specialty chemicals company’s stock after buying an additional 285 shares during the period. Assetmark Inc.’s holdings in NewMarket were worth $1,710,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of NewMarket in the 2nd quarter valued at approximately $33,000. Quest Partners LLC acquired a new stake in NewMarket during the second quarter worth about $38,000. Blue Trust Inc. lifted its holdings in NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 65 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in NewMarket in the second quarter valued at approximately $54,000. Finally, nVerses Capital LLC bought a new position in shares of NewMarket during the second quarter valued at approximately $103,000. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Performance

Shares of NEU opened at $545.28 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. NewMarket Co. has a 1 year low of $494.04 and a 1 year high of $650.00. The firm has a fifty day moving average of $541.49 and a 200-day moving average of $541.68. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 12.05 and a beta of 0.50.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. The firm had revenue of $724.95 million during the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s payout ratio is currently 22.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NewMarket from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

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.