Orion Portfolio Solutions LLC Has $1.72 Million Position in NewMarket Co. (NYSE:NEU)

Orion Portfolio Solutions LLC cut its holdings in NewMarket Co. (NYSE:NEU) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,254 shares of the specialty chemicals company’s stock after selling 121 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NewMarket were worth $1,719,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NEU. Eagle Bay Advisors LLC bought a new position in NewMarket during the fourth quarter valued at about $40,000. Centricity Wealth Management LLC bought a new position in shares of NewMarket in the 4th quarter valued at approximately $56,000. Blue Trust Inc. lifted its holdings in NewMarket by 55.3% in the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock worth $65,000 after purchasing an additional 42 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in NewMarket during the fourth quarter worth approximately $74,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in NewMarket by 481.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company’s stock valued at $83,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Down 0.1 %

Shares of NEU stock opened at $565.76 on Thursday. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $632.60. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.37 billion, a PE ratio of 11.74 and a beta of 0.41. The stock has a 50 day moving average of $536.70 and a 200-day moving average of $533.17.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 1.94%. This is a positive change from NewMarket’s previous quarterly dividend of $2.50. The ex-dividend date was Monday, March 17th. NewMarket’s payout ratio is currently 22.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

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.