DekaBank Deutsche Girozentrale Sells 45 Shares of NewMarket Co. (NYSE:NEU)

DekaBank Deutsche Girozentrale decreased its holdings in NewMarket Co. (NYSE:NEU) by 11.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 337 shares of the specialty chemicals company’s stock after selling 45 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NewMarket were worth $171,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NEU. BNP Paribas Financial Markets boosted its stake in NewMarket by 86.1% in the 4th quarter. BNP Paribas Financial Markets now owns 908 shares of the specialty chemicals company’s stock worth $496,000 after purchasing an additional 420 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NewMarket by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,589 shares of the specialty chemicals company’s stock worth $80,015,000 after acquiring an additional 1,958 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in NewMarket during the fourth quarter valued at $319,000. Vanguard Personalized Indexing Management LLC bought a new stake in NewMarket in the 4th quarter valued at $330,000. Finally, Norges Bank purchased a new stake in NewMarket in the 4th quarter worth $37,659,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Down 2.3 %

Shares of NEU opened at $541.31 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 13.02 and a beta of 0.50. NewMarket Co. has a 1 year low of $436.90 and a 1 year high of $650.00. The business’s 50 day simple moving average is $552.83 and its 200-day simple moving average is $560.89.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Monday, July 29th. The specialty chemicals company reported $11.63 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.12% and a return on equity of 37.06%. The company had revenue of $710.23 million for the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a $2.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $10.00 annualized dividend and a yield of 1.85%. NewMarket’s dividend payout ratio is currently 24.06%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $544.31, for a total value of $691,273.70. Following the completion of the transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $194,862.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 20.40% of the stock is currently owned by insiders.

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.