Ashton Thomas Private Wealth LLC Takes $54,000 Position in NewMarket Co. (NYSE:NEU)

Ashton Thomas Private Wealth LLC bought a new position in NewMarket Co. (NYSE:NEU) during the second quarter, according to its most recent filing with the SEC. The firm bought 105 shares of the specialty chemicals company’s stock, valued at approximately $54,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of NewMarket by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 722,184 shares of the specialty chemicals company’s stock valued at $394,190,000 after buying an additional 4,261 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NewMarket by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,589 shares of the specialty chemicals company’s stock valued at $80,015,000 after acquiring an additional 1,958 shares during the last quarter. Norges Bank bought a new stake in NewMarket during the fourth quarter worth $37,659,000. HB Wealth Management LLC boosted its position in NewMarket by 27.4% in the second quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company’s stock worth $20,367,000 after purchasing an additional 8,496 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in NewMarket by 102.6% in the first quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock worth $23,079,000 after acquiring an additional 18,413 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE:NEU opened at $557.21 on Monday. NewMarket Co. has a 1 year low of $436.90 and a 1 year high of $650.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The business has a fifty day simple moving average of $549.57 and a two-hundred day simple moving average of $562.94. The company has a market capitalization of $5.34 billion, a P/E ratio of 13.40 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share (EPS) for the quarter. The business had revenue of $710.23 million for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $2.50 per share. The ex-dividend date is Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.79%. NewMarket’s payout ratio is 24.06%.

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $544.31, for a total transaction of $691,273.70. Following the sale, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $194,862.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of NewMarket from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.