Swiss National Bank Purchases 200 Shares of NewMarket Corporation (NEU)
Swiss National Bank increased its stake in shares of NewMarket Corporation (NYSE:NEU) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,900 shares of the specialty chemicals company’s stock after buying an additional 200 shares during the quarter. Swiss National Bank owned about 134,177.22% of NewMarket Corporation worth $6,769,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in NEU. Advisor Group Inc. raised its stake in NewMarket Corporation by 6.7% during the 2nd quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 15 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in NewMarket Corporation during the 2nd quarter valued at approximately $128,000. YorkBridge Wealth Partners LLC raised its stake in NewMarket Corporation by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock valued at $131,000 after acquiring an additional 4 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NewMarket Corporation by 24.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock valued at $192,000 after acquiring an additional 81 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its stake in NewMarket Corporation by 105.5% during the 2nd quarter. TrimTabs Asset Management LLC now owns 561 shares of the specialty chemicals company’s stock valued at $258,000 after acquiring an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 56.36% of the company’s stock.
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NewMarket Corporation (NYSE:NEU) opened at $393.26 on Wednesday. The stock has a market capitalization of $4,678.78, a P/E ratio of 20.16 and a beta of 0.81. NewMarket Corporation has a one year low of $382.04 and a one year high of $483.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.50 and a current ratio of 2.74.
NewMarket Corporation (NYSE:NEU) last issued its earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.70 by ($0.66). The business had revenue of $584.41 million for the quarter, compared to analysts’ expectations of $546.40 million. NewMarket Corporation had a return on equity of 41.70% and a net margin of 10.85%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $6.00 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 14th. NewMarket Corporation’s dividend payout ratio (DPR) is 35.75%.
Separately, BidaskClub downgraded NewMarket Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
About NewMarket Corporation
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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