Focus Partners Advisor Solutions LLC Invests $536,000 in NewMarket Corporation $NEU

Focus Partners Advisor Solutions LLC bought a new position in NewMarket Corporation (NYSE:NEU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 678 shares of the specialty chemicals company’s stock, valued at approximately $536,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NEU. Los Angeles Capital Management LLC acquired a new position in shares of NewMarket in the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in NewMarket during the 4th quarter worth about $27,000. Quarry LP acquired a new stake in NewMarket during the 3rd quarter worth about $52,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in NewMarket by 50.0% during the fourth 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 buying an additional 39 shares in the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Stock Performance

Shares of NewMarket stock opened at $952.80 on Tuesday. The stock has a market cap of $8.77 billion, a PE ratio of 20.50 and a beta of 0.56. The business has a fifty day simple moving average of $815.98 and a 200-day simple moving average of $718.99. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $981.66.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The business had revenue of $747.09 million for the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 1.3%. NewMarket’s dividend payout ratio (DPR) is presently 25.82%.

Analyst Ratings Changes

Several brokerages have commented on NEU. Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of NewMarket from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus 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.