NewMarket Co. (NEU) Holdings Lifted by Vident Investment Advisory LLC

Vident Investment Advisory LLC raised its stake in NewMarket Co. (NYSE:NEU) by 33.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 596 shares of the specialty chemicals company’s stock after buying an additional 148 shares during the quarter. Vident Investment Advisory LLC’s holdings in NewMarket were worth $254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of NewMarket by 6.7% during the second quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 15 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of NewMarket by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock worth $131,000 after purchasing an additional 4 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of NewMarket during the third quarter worth about $137,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NewMarket by 24.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock worth $192,000 after purchasing an additional 81 shares in the last quarter. Finally, TrimTabs Asset Management LLC lifted its position in shares of NewMarket by 105.5% during the second quarter. TrimTabs Asset Management LLC now owns 561 shares of the specialty chemicals company’s stock worth $258,000 after purchasing an additional 288 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors.

Shares of NewMarket Co. (NEU) opened at $396.99 on Thursday. The stock has a market cap of $4,704.26, a PE ratio of 20.27 and a beta of 0.80. NewMarket Co. has a 1 year low of $377.27 and a 1 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 (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.70 by ($0.66). The business had revenue of $584.41 million for the quarter, compared to analyst estimates of $546.40 million. NewMarket had a return on equity of 41.70% and a net margin of 10.85%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $6.00 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $7.00 annualized dividend and a dividend yield of 1.76%. NewMarket’s dividend payout ratio is presently 35.75%.

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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.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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