Schwab Charles Investment Management Inc. Purchases 2,805 Shares of NewMarket Co. (NEU)

Schwab Charles Investment Management Inc. increased its position in NewMarket Co. (NYSE:NEU) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,709 shares of the specialty chemicals company’s stock after purchasing an additional 2,805 shares during the period. Schwab Charles Investment Management Inc. owned 0.38% of NewMarket worth $19,035,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEU. Advisor Group Inc. boosted its holdings in NewMarket by 6.7% in the second quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 15 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in NewMarket by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock worth $131,000 after acquiring an additional 4 shares in the last quarter. Toronto Dominion Bank bought a new stake in NewMarket in the third quarter worth $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NewMarket by 24.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock worth $192,000 after acquiring an additional 81 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in NewMarket in the third quarter worth $254,000. 58.62% of the stock is currently owned by institutional investors.

NewMarket Co. (NYSE:NEU) traded up $3.07 during trading on Thursday, reaching $399.20. The company’s stock had a trading volume of 31,042 shares, 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. NewMarket Co. has a twelve month low of $377.27 and a twelve month high of $483.86. The company has a market capitalization of $4,700.00, a P/E ratio of 20.38 and a beta of 0.80.

NewMarket (NYSE:NEU) last announced its quarterly 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 the consensus estimate of $546.40 million. NewMarket had a net margin of 10.90% and a return on equity of 39.48%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.00 earnings per share.

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

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NewMarket 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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