NewMarket (NYSE:NEU) Rating Lowered to Buy at StockNews.com

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

NewMarket Stock Up 2.9 %

NEU stock opened at $558.32 on Wednesday. The stock has a market capitalization of $5.36 billion, a P/E 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. The firm has a 50-day moving average price of $514.81 and a 200-day moving average price of $533.96.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NEU. Natixis Advisors LLC grew its stake in NewMarket by 19.4% in the third quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock worth $9,522,000 after purchasing an additional 2,807 shares during the period. Barclays PLC grew its holdings in NewMarket by 34.5% during the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock valued at $2,656,000 after buying an additional 1,235 shares in the last quarter. Van ECK Associates Corp grew its holdings in NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock valued at $2,655,000 after buying an additional 1,463 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of NewMarket during the 4th quarter worth approximately $252,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of NewMarket by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock worth $27,917,000 after buying an additional 722 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

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.