Eaton Vance Management Buys 346 Shares of NewMarket Co. (NEU)

Eaton Vance Management grew its stake in shares of NewMarket Co. (NYSE:NEU) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,550 shares of the specialty chemicals company’s stock after acquiring an additional 346 shares during the period. Eaton Vance Management’s holdings in NewMarket were worth $16,038,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NEU. Schwab Charles Investment Management Inc. raised its position in shares of NewMarket by 11.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,130 shares of the specialty chemicals company’s stock worth $22,705,000 after buying an additional 5,801 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of NewMarket by 13.3% in the second quarter. Victory Capital Management Inc. now owns 10,643 shares of the specialty chemicals company’s stock worth $4,305,000 after buying an additional 1,250 shares in the last quarter. South State Corp purchased a new stake in shares of NewMarket in the third quarter worth $250,000. Simplex Trading LLC raised its position in shares of NewMarket by 27.9% in the third quarter. Simplex Trading LLC now owns 1,232 shares of the specialty chemicals company’s stock worth $499,000 after buying an additional 269 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of NewMarket by 319.5% in the third quarter. SG Americas Securities LLC now owns 5,357 shares of the specialty chemicals company’s stock worth $2,172,000 after buying an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Separately, ValuEngine upgraded NewMarket from a “sell” rating to a “hold” rating in a research report on Monday, August 20th.

Shares of NEU stock opened at $421.49 on Tuesday. The company has a current ratio of 3.28, a quick ratio of 1.88 and a debt-to-equity ratio of 1.45. NewMarket Co. has a 52-week low of $352.89 and a 52-week high of $437.63. The firm has a market capitalization of $4.80 billion, a P/E ratio of 23.57 and a beta of 0.67.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, October 24th. The specialty chemicals company reported $5.12 EPS for the quarter, beating the Zacks’ consensus estimate of $4.94 by $0.18. The business had revenue of $563.17 million for the quarter. NewMarket had a return on equity of 34.96% and a net margin of 7.61%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.66%.

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About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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