UBS Group AG Has $8.08 Million Stake in NewMarket Corporation $NEU

UBS Group AG decreased its stake in shares of NewMarket Corporation (NYSE:NEU) by 18.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,749 shares of the specialty chemicals company’s stock after selling 2,598 shares during the quarter. UBS Group AG’s holdings in NewMarket were worth $8,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of NewMarket by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 828,798 shares of the specialty chemicals company’s stock worth $569,600,000 after buying an additional 15,813 shares during the period. LSV Asset Management grew its position in NewMarket by 2.4% in the 3rd quarter. LSV Asset Management now owns 268,432 shares of the specialty chemicals company’s stock valued at $222,318,000 after purchasing an additional 6,284 shares during the period. Dimensional Fund Advisors LP grew its position in NewMarket by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 179,702 shares of the specialty chemicals company’s stock valued at $148,820,000 after purchasing an additional 2,049 shares during the period. AQR Capital Management LLC grew its position in NewMarket by 196.7% in the 3rd quarter. AQR Capital Management LLC now owns 137,943 shares of the specialty chemicals company’s stock valued at $114,246,000 after purchasing an additional 91,458 shares during the period. Finally, American Century Companies Inc. grew its position in NewMarket by 13.3% in the 3rd quarter. American Century Companies Inc. now owns 128,933 shares of the specialty chemicals company’s stock valued at $106,784,000 after purchasing an additional 15,179 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NewMarket presently has an average rating of “Hold”.

Insider Activity at NewMarket

In other NewMarket news, Director Ting Xu bought 400 shares of the stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $619.21 per share, for a total transaction of $247,684.00. Following the purchase, the director directly owned 929 shares of the company’s stock, valued at approximately $575,246.09. This trade represents a 75.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by insiders.

NewMarket Price Performance

NEU opened at $700.26 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.55 and a quick ratio of 1.37. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 16.00 and a beta of 0.52. The firm’s fifty day moving average price is $647.22 and its two-hundred day moving average price is $684.33. NewMarket Corporation has a 1 year low of $580.03 and a 1 year high of $875.97.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 earnings per share (EPS) 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%.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th. NewMarket’s payout ratio is presently 27.41%.

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.