RK Asset Management LLC Sells 164 Shares of NewMarket Co. (NYSE:NEU)

RK Asset Management LLC cut its position in shares of NewMarket Co. (NYSE:NEU) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,759 shares of the specialty chemicals company’s stock after selling 164 shares during the period. NewMarket comprises about 4.6% of RK Asset Management LLC’s investment portfolio, making the stock its 12th largest position. RK Asset Management LLC owned about 0.11% of NewMarket worth $5,685,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NEU. Headlands Technologies LLC bought a new stake in shares of NewMarket in the 2nd quarter valued at approximately $33,000. Quest Partners LLC bought a new stake in NewMarket in the second quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 65 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of NewMarket in the 2nd quarter worth about $54,000. Finally, GAMMA Investing LLC increased its position in shares of NewMarket by 95.5% during the 3rd quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 105 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Price Performance

NYSE:NEU traded down $3.75 on Friday, reaching $506.82. The stock had a trading volume of 22,740 shares, compared to its average volume of 25,970. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.86 billion, a P/E ratio of 11.26 and a beta of 0.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The stock has a fifty day moving average price of $538.02 and a 200-day moving average price of $539.88.

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

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $10.00 annualized dividend and a yield of 1.97%. 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.