Legal & General Group Plc Boosts Holdings in NewMarket Co. (NEU)

Legal & General Group Plc raised its position in NewMarket Co. (NYSE:NEU) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,846 shares of the specialty chemicals company’s stock after acquiring an additional 492 shares during the quarter. Legal & General Group Plc owned approximately 0.09% of NewMarket worth $4,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. lifted its stake in shares of NewMarket by 695.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 50,456 shares of the specialty chemicals company’s stock worth $21,481,000 after buying an additional 44,116 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NewMarket by 48.1% in the second quarter. Goldman Sachs Group Inc. now owns 58,787 shares of the specialty chemicals company’s stock worth $27,071,000 after buying an additional 19,105 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of NewMarket in the third quarter worth approximately $4,578,000. Teachers Advisors LLC lifted its stake in shares of NewMarket by 84.0% in the second quarter. Teachers Advisors LLC now owns 22,750 shares of the specialty chemicals company’s stock worth $10,476,000 after buying an additional 10,386 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of NewMarket by 1.1% in the second quarter. BlackRock Inc. now owns 723,178 shares of the specialty chemicals company’s stock worth $333,008,000 after buying an additional 7,868 shares in the last quarter. Institutional investors own 58.62% of the company’s stock.

NewMarket Co. (NYSE:NEU) traded up $3.07 on Thursday, reaching $399.20. 31,042 shares of the company’s stock traded hands, compared to its average volume of 38,368. The company has a quick ratio of 1.50, a current ratio of 2.74 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $4,700.00, a P/E ratio of 20.38 and a beta of 0.80. NewMarket Co. has a fifty-two week low of $377.27 and a fifty-two week high of $483.86.

NewMarket (NYSE:NEU) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.70 by ($0.66). NewMarket had a net margin of 10.90% and a return on equity of 39.48%. The company had revenue of $584.41 million for the quarter, compared to analysts’ expectations of $546.40 million. During the same period in the previous year, the business posted $6.00 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $1.75 per share. The ex-dividend date was Thursday, December 14th. This represents a $7.00 annualized dividend and a yield of 1.75%. NewMarket’s dividend payout ratio (DPR) is currently 35.73%.

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NewMarket Company Profile

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.

Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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