Robeco Institutional Asset Management B.V. Acquires 2,153 Shares of NewMarket Corporation $NEU

Robeco Institutional Asset Management B.V. grew its stake in shares of NewMarket Corporation (NYSE:NEU) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,537 shares of the specialty chemicals company’s stock after buying an additional 2,153 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of NewMarket worth $10,383,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC grew its position in NewMarket by 2.1% during the 2nd quarter. Parallel Advisors LLC now owns 740 shares of the specialty chemicals company’s stock worth $511,000 after acquiring an additional 15 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NewMarket by 7.3% during the third quarter. GAMMA Investing LLC now owns 220 shares of the specialty chemicals company’s stock valued at $182,000 after purchasing an additional 15 shares during the period. MAI Capital Management grew its holdings in shares of NewMarket by 20.8% in the second quarter. MAI Capital Management now owns 122 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 21 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of NewMarket by 3.5% in the third quarter. Global Retirement Partners LLC now owns 703 shares of the specialty chemicals company’s stock worth $582,000 after buying an additional 24 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of NewMarket by 2.4% in the second quarter. Ritholtz Wealth Management now owns 1,110 shares of the specialty chemicals company’s stock worth $767,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NewMarket stock opened at $722.24 on Friday. The business has a 50 day moving average of $742.50 and a 200 day moving average of $760.65. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $875.97. The company has a market cap of $6.79 billion, a PE ratio of 15.26 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share for the quarter. NewMarket had a net margin of 16.33% and a return on equity of 28.53%. The business had revenue of $690.31 million for the quarter.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s payout ratio is presently 25.35%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of NewMarket in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, NewMarket presently has an average rating of “Buy”.

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.