Blue Trust Inc. Has $39,000 Stake in NewMarket Co. (NYSE:NEU)

Blue Trust Inc. increased its holdings in shares of NewMarket Co. (NYSE:NEU) by 590.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76 shares of the specialty chemicals company’s stock after purchasing an additional 65 shares during the quarter. Blue Trust Inc.’s holdings in NewMarket were worth $39,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. lifted its stake in NewMarket by 31.9% in the second quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company’s stock valued at $2,251,000 after acquiring an additional 1,056 shares during the last quarter. Lazard Asset Management LLC lifted its stake 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 valued at $23,079,000 after acquiring an additional 18,413 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in NewMarket in the first quarter valued at $2,040,000. SG Americas Securities LLC lifted its stake in NewMarket by 895.7% in the first quarter. SG Americas Securities LLC now owns 2,071 shares of the specialty chemicals company’s stock valued at $1,314,000 after acquiring an additional 1,863 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in NewMarket in the second quarter valued at $486,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NEU opened at $530.23 on Friday. The firm has a market capitalization of $5.09 billion, a PE ratio of 11.78 and a beta of 0.49. The company’s 50-day moving average is $543.28 and its 200-day moving average is $543.18. NewMarket Co. has a fifty-two week low of $475.99 and a fifty-two week high of $650.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The company had revenue of $724.95 million for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, December 16th. NewMarket’s payout ratio is presently 22.21%.

Insider Activity

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $544.31, for a total transaction of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at approximately $194,862.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

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

NewMarket Company Profile

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.