Pacer Advisors Inc. Acquires 5,077 Shares of NewMarket Corporation $NEU

Pacer Advisors Inc. raised its stake in shares of NewMarket Corporation (NYSE:NEU) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,713 shares of the specialty chemicals company’s stock after acquiring an additional 5,077 shares during the quarter. Pacer Advisors Inc.’s holdings in NewMarket were worth $22,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of NewMarket by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company’s stock worth $569,600,000 after purchasing an additional 15,813 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NewMarket by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 194,507 shares of the specialty chemicals company’s stock worth $124,658,000 after purchasing an additional 12,172 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NewMarket by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 175,649 shares of the specialty chemicals company’s stock valued at $120,737,000 after buying an additional 8,978 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of NewMarket by 196.7% during the third quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company’s stock valued at $114,246,000 after buying an additional 91,458 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of NewMarket by 16.9% in the 4th quarter. Caisse de depot et placement du Quebec now owns 116,002 shares of the specialty chemicals company’s stock valued at $79,724,000 after buying an additional 16,746 shares in the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NEU shares. Wall Street Zen raised shares of NewMarket from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

NewMarket Price Performance

Shares of NEU opened at $853.84 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.23. The company’s fifty day moving average price is $789.83 and its 200-day moving average price is $700.42. NewMarket Corporation has a 1-year low of $580.03 and a 1-year high of $876.33. The firm has a market capitalization of $7.86 billion, a PE ratio of 18.37 and a beta of 0.56.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (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 Company 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.