NewMarket Corporation $NEU Shares Acquired by Aviva PLC

Aviva PLC lifted its holdings in shares of NewMarket Corporation (NYSE:NEU) by 37.4% during the second quarter, Holdings Channel reports. The fund owned 1,529 shares of the specialty chemicals company’s stock after purchasing an additional 416 shares during the quarter. Aviva PLC’s holdings in NewMarket were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEU. Caitong International Asset Management Co. Ltd increased its holdings in NewMarket by 587.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 55 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 39 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in NewMarket in the second quarter valued at $83,000. Northwestern Mutual Wealth Management Co. boosted its stake in NewMarket by 13.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 198 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 23 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in NewMarket by 12.6% during the 2nd quarter. GAMMA Investing LLC now owns 205 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEU. Weiss Ratings restated a “buy (b)” rating on shares of NewMarket in a research note on Tuesday. Wall Street Zen cut NewMarket from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

NewMarket Stock Up 1.3%

NEU opened at $787.14 on Thursday. The stock’s 50 day moving average price is $800.37 and its 200 day moving average price is $733.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The stock has a market cap of $7.40 billion, a P/E ratio of 15.60 and a beta of 0.46. NewMarket Corporation has a 12 month low of $480.00 and a 12 month high of $875.97.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 EPS for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%. The company had revenue of $690.31 million for the quarter.

NewMarket Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 1.5%. This is a boost from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s dividend payout ratio is 25.35%.

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.