Susquehanna Fundamental Investments LLC Makes New $2.10 Million Investment in NewMarket Corporation $NEU

Susquehanna Fundamental Investments LLC acquired a new stake in NewMarket Corporation (NYSE:NEU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,654 shares of the specialty chemicals company’s stock, valued at approximately $2,100,000.

Several other large investors also recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of NewMarket in the fourth quarter worth about $25,000. Trust Co. of Vermont acquired a new stake in NewMarket during the 2nd quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new stake in NewMarket during the 4th quarter valued at approximately $27,000. Quarry LP purchased a new stake in NewMarket during the 3rd quarter worth approximately $52,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in NewMarket by 50.0% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 25 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors and hedge funds.

NewMarket Trading Up 0.5%

Shares of NYSE NEU opened at $902.39 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $843.32 and its two-hundred day moving average price is $736.87. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $981.66. The stock has a market capitalization of $8.30 billion, a P/E ratio of 19.41 and a beta of 0.55.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.The company had revenue of $747.09 million during the quarter.

NewMarket Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 1.3%. NewMarket’s dividend payout ratio (DPR) is 25.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEU. Weiss Ratings raised NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of NewMarket from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About NewMarket

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.