Natixis Advisors LLC Raises Position in NewMarket Corporation $NEU

Natixis Advisors LLC grew its holdings in shares of NewMarket Corporation (NYSE:NEU) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,238 shares of the specialty chemicals company’s stock after purchasing an additional 3,453 shares during the quarter. Natixis Advisors LLC’s holdings in NewMarket were worth $22,156,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NEU. Ameriflex Group Inc. purchased a new position in shares of NewMarket during the 3rd quarter worth $27,000. International Assets Investment Management LLC purchased a new position in shares of NewMarket during the 4th quarter worth $27,000. Smartleaf Asset Management LLC lifted its stake in shares of NewMarket by 125.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 45 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 25 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NewMarket by 100.0% in the 1st 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 period. Finally, Quarry LP purchased a new position in shares of NewMarket in the 3rd quarter worth $52,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

NewMarket Trading Down 0.7%

Shares of NEU opened at $789.09 on Friday. NewMarket Corporation has a twelve month low of $580.03 and a twelve month high of $875.97. The firm has a market capitalization of $7.26 billion, a P/E ratio of 18.02 and a beta of 0.56. The company has a current ratio of 2.55, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $688.73 and its 200 day simple moving average is $683.94.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 24.12% and a net margin of 15.25%.The firm had revenue of $669.72 million during the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 15th. NewMarket’s dividend payout ratio is currently 27.41%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.