Legal & General Group Plc lifted its holdings in shares of NewMarket Co. (NYSE:NEU) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,218 shares of the specialty chemicals company’s stock after purchasing an additional 34 shares during the period. Legal & General Group Plc owned 0.11% of NewMarket worth $5,035,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Creative Planning boosted its holdings in NewMarket by 4.8% in the fourth quarter. Creative Planning now owns 834 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 38 shares in the last quarter. Arizona State Retirement System boosted its holdings in NewMarket by 0.6% in the fourth quarter. Arizona State Retirement System now owns 6,384 shares of the specialty chemicals company’s stock worth $2,631,000 after acquiring an additional 41 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in NewMarket by 2.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,267 shares of the specialty chemicals company’s stock worth $934,000 after acquiring an additional 58 shares in the last quarter. Berman Capital Advisors LLC bought a new position in NewMarket in the fourth quarter worth approximately $25,000. Finally, Commonwealth Equity Services LLC boosted its holdings in NewMarket by 3.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $735,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 60.32% of the company’s stock.

Separately, Buckingham Research assumed coverage on NewMarket in a report on Monday, April 1st. They issued an “underperform” rating and a $380.00 price target on the stock.

In other news, Chairman Thomas E. Gottwald sold 11,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $437.84, for a total value of $4,816,240.00. Following the completion of the sale, the chairman now directly owns 145,168 shares of the company’s stock, valued at $63,560,357.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James E. Rogers sold 500 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $433.97, for a total value of $216,985.00. The disclosure for this sale can be found here. Corporate insiders own 17.02% of the company’s stock.

Shares of NYSE:NEU opened at $430.39 on Wednesday. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 21.16 and a beta of 0.50. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.54 and a current ratio of 3.00. NewMarket Co. has a 52-week low of $352.89 and a 52-week high of $452.54.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, February 6th. The specialty chemicals company reported $5.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.92. The business had revenue of $538.31 million for the quarter. NewMarket had a return on equity of 41.52% and a net margin of 10.25%. Equities research analysts anticipate that NewMarket Co. will post 21.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 14th. NewMarket’s dividend payout ratio (DPR) is presently 34.41%.

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NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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