Lindbrook Capital LLC Has $44,000 Position in NewMarket Co. (NYSE:NEU)

Lindbrook Capital LLC lifted its position in shares of NewMarket Co. (NYSE:NEU) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80 shares of the specialty chemicals company’s stock after buying an additional 21 shares during the period. Lindbrook Capital LLC’s holdings in NewMarket were worth $44,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ronald Blue Trust Inc. acquired a new position in shares of NewMarket during the third quarter worth about $27,000. FSC Wealth Advisors LLC acquired a new position in shares of NewMarket during the fourth quarter worth about $39,000. Hanseatic Management Services Inc. bought a new stake in NewMarket during the third quarter worth about $41,000. UMB Bank n.a. bought a new stake in NewMarket during the third quarter worth about $47,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in NewMarket by 153.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 309 shares of the specialty chemicals company’s stock worth $141,000 after acquiring an additional 187 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Performance

NEU opened at $533.06 on Friday. NewMarket Co. has a 52-week low of $362.16 and a 52-week high of $650.00. The firm has a market capitalization of $5.11 billion, a PE ratio of 13.18 and a beta of 0.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.60 and a current ratio of 2.85. The business’s 50-day simple moving average is $614.01 and its 200 day simple moving average is $560.63.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 41.33% and a net margin of 14.41%. The business had revenue of $696.74 million for the quarter.

NewMarket Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $2.50 dividend. This is a positive change from NewMarket’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $10.00 annualized dividend and a yield of 1.88%. NewMarket’s dividend payout ratio is currently 24.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 4th.

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.