Dynamic Technology Lab Private Ltd Makes New Investment in NewMarket Co. (NYSE:NEU)

Dynamic Technology Lab Private Ltd bought a new position in shares of NewMarket Co. (NYSE:NEU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 498 shares of the specialty chemicals company’s stock, valued at approximately $275,000.

Several other hedge funds also recently made changes to their positions in NEU. Price T Rowe Associates Inc. MD raised its stake in NewMarket by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,574 shares of the specialty chemicals company’s stock valued at $2,269,000 after purchasing an additional 192 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of NewMarket by 3.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,821 shares of the specialty chemicals company’s stock worth $1,790,000 after acquiring an additional 100 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of NewMarket during the 1st quarter worth approximately $239,000. SG Americas Securities LLC increased its stake in NewMarket by 23.5% in the second quarter. SG Americas Securities LLC now owns 2,558 shares of the specialty chemicals company’s stock valued at $1,319,000 after acquiring an additional 487 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in NewMarket by 31.9% during 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 purchasing an additional 1,056 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Stock Down 1.4 %

NEU stock opened at $533.56 on Monday. The firm has a 50-day moving average price of $538.24 and a 200-day moving average price of $540.75. NewMarket Co. has a 12 month low of $494.04 and a 12 month high of $650.00. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.12 billion, a P/E ratio of 11.85 and a beta of 0.50.

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

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. The ex-dividend date is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.87%. NewMarket’s dividend payout ratio is currently 22.21%.

Analysts Set New Price Targets

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

NewMarket 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.