NewMarket Co. (NYSE:NEU) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its stake in NewMarket Co. (NYSE:NEU) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,401 shares of the specialty chemicals company’s stock after selling 2,820 shares during the period. Bridgewater Associates LP owned approximately 0.08% of NewMarket worth $4,085,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of NewMarket by 4.7% in the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock valued at $399,000 after buying an additional 33 shares in the last quarter. Arizona State Retirement System grew its position in NewMarket by 1.8% in the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock valued at $1,038,000 after acquiring an additional 36 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of NewMarket by 13.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after purchasing an additional 45 shares during the period. CENTRAL TRUST Co lifted its position in shares of NewMarket by 36.9% during the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 59 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of NewMarket during the second quarter worth $33,000. 61.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NewMarket Trading Down 1.6 %

NYSE:NEU opened at $532.41 on Friday. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 11.82 and a beta of 0.50. NewMarket Co. has a one year low of $494.04 and a one year high of $650.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The business’s 50-day simple moving average is $538.24 and its 200 day simple moving average is $540.99.

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

NewMarket Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.88%. NewMarket’s dividend payout ratio (DPR) is 22.21%.

NewMarket Profile

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.