NewMarket Corporation $NEU Holdings Lifted by NewEdge Wealth LLC

NewEdge Wealth LLC raised its holdings in NewMarket Corporation (NYSE:NEU) by 54.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,032 shares of the specialty chemicals company’s stock after acquiring an additional 1,064 shares during the quarter. NewEdge Wealth LLC’s holdings in NewMarket were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of NewMarket in the 4th quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of NewMarket in the fourth quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 39 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in NewMarket by 50.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 25 shares during the period. Finally, Quarry LP purchased a new stake in NewMarket in the 3rd quarter worth approximately $52,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 1.3%

Shares of NYSE NEU opened at $779.99 on Friday. The business has a 50 day simple moving average of $777.63 and a 200 day simple moving average of $696.02. NewMarket Corporation has a 52 week low of $580.03 and a 52 week high of $875.97. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 17.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share for the quarter. The firm had revenue of $669.72 million for the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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.com, NewMarket currently has an average rating of “Buy”.

NewMarket 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.