First Trust Advisors LP Sells 13,914 Shares of NewMarket Corporation $NEU

First Trust Advisors LP decreased its holdings in shares of NewMarket Corporation (NYSE:NEU) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,148 shares of the specialty chemicals company’s stock after selling 13,914 shares during the quarter. First Trust Advisors LP owned about 0.82% of NewMarket worth $63,895,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Winnow Wealth LLC bought a new stake in shares of NewMarket in the 3rd quarter worth about $29,000. Root Financial Partners LLC bought a new position in shares of NewMarket in the 3rd quarter valued at about $30,000. Smartleaf Asset Management LLC lifted its holdings in shares of NewMarket by 125.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 45 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 25 shares during the last quarter. Quent Capital LLC purchased a new position in NewMarket in the third quarter worth about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 0.2%

NEU stock opened at $622.18 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.53 and a debt-to-equity ratio of 0.50. NewMarket Corporation has a twelve month low of $510.07 and a twelve month high of $875.97. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.01 and a beta of 0.50. The firm’s fifty day simple moving average is $658.75 and its two-hundred day simple moving average is $738.09.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.37% and a return on equity of 25.38%. The firm had revenue of $635.40 million during the quarter.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 16th. NewMarket’s dividend payout ratio is 27.01%.

Insider Transactions at NewMarket

In other news, Director Ting Xu acquired 400 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $619.21 per share, with a total value of $247,684.00. Following the completion of the purchase, the director directly owned 929 shares in the company, valued at approximately $575,246.09. This trade represents a 75.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus 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.