Envestnet Portfolio Solutions Inc. Acquires 55 Shares of NewMarket Co. (NYSE:NEU)

Envestnet Portfolio Solutions Inc. increased its holdings in NewMarket Co. (NYSE:NEU) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,042 shares of the specialty chemicals company’s stock after buying an additional 55 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NewMarket were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of NewMarket by 12.6% in the 4th quarter. Natixis Advisors LLC now owns 19,436 shares of the specialty chemicals company’s stock worth $10,269,000 after acquiring an additional 2,182 shares in the last quarter. Impact Capital Partners LLC purchased a new position in NewMarket in the fourth quarter valued at about $402,000. Swiss National Bank raised its holdings in NewMarket by 13.5% in the fourth quarter. Swiss National Bank now owns 16,000 shares of the specialty chemicals company’s stock worth $8,454,000 after purchasing an additional 1,900 shares in the last quarter. Amundi purchased a new stake in shares of NewMarket during the fourth quarter valued at about $1,093,000. Finally, Edgestream Partners L.P. bought a new stake in shares of NewMarket in the 4th quarter valued at about $3,748,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

NewMarket Stock Performance

Shares of NEU opened at $547.66 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.20 billion, a PE ratio of 11.36 and a beta of 0.41. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $638.21. The stock has a fifty day moving average price of $529.02 and a 200-day moving average price of $533.06.

NewMarket (NYSE:NEU) last released its quarterly 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%.

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, March 17th. This is an increase from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s payout ratio is currently 22.82%.

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.