NewMarket (NYSE:NEU) Downgraded to Buy Rating by StockNews.com

NewMarket (NYSE:NEU) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

NewMarket Stock Up 2.9 %

Shares of NEU opened at $558.32 on Wednesday. The business’s 50 day moving average is $514.81 and its 200 day moving average is $533.96. The company has a market capitalization of $5.36 billion, a PE ratio of 11.58 and a beta of 0.48. NewMarket has a 12-month low of $480.00 and a 12-month high of $650.00. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.66.

NewMarket (NYSE:NEU) last issued its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

Institutional Trading of NewMarket

A number of large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NewMarket by 12.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,273 shares of the specialty chemicals company’s stock worth $10,711,000 after acquiring an additional 2,165 shares during the last quarter. WBI Investments LLC bought a new stake in NewMarket in the 4th quarter worth approximately $375,000. Squarepoint Ops LLC increased its stake in NewMarket by 126.9% in the 4th quarter. Squarepoint Ops LLC now owns 3,769 shares of the specialty chemicals company’s stock worth $1,991,000 after acquiring an additional 2,108 shares during the last quarter. Two Sigma Investments LP bought a new stake in NewMarket in the 4th quarter worth approximately $2,798,000. Finally, Tidal Investments LLC increased its stake in NewMarket by 26.5% in the 4th quarter. Tidal Investments LLC now owns 1,080 shares of the specialty chemicals company’s stock worth $571,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

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.