SG Americas Securities LLC Sells 2,037 Shares of NewMarket Co. (NYSE:NEU)

SG Americas Securities LLC trimmed its position in shares of NewMarket Co. (NYSE:NEU) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521 shares of the specialty chemicals company’s stock after selling 2,037 shares during the period. SG Americas Securities LLC’s holdings in NewMarket were worth $288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NEU. ORG Partners LLC bought a new stake in NewMarket in the 1st quarter valued at $30,000. Janiczek Wealth Management LLC increased its holdings in NewMarket by 1,300.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 52 shares during the last quarter. Headlands Technologies LLC bought a new stake in NewMarket in the 2nd quarter valued at $33,000. Quest Partners LLC bought a new stake in NewMarket in the 2nd quarter valued at $38,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in NewMarket in the 2nd quarter valued at $54,000. 61.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $544.31, for a total transaction of $691,273.70. Following the completion of the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at approximately $194,862.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.40% of the stock is owned by corporate insiders.

NewMarket Stock Performance

Shares of NYSE:NEU opened at $525.02 on Monday. NewMarket Co. has a 52 week low of $436.90 and a 52 week high of $650.00. The stock has a market capitalization of $5.04 billion, a P/E ratio of 12.63 and a beta of 0.49. The firm has a fifty day simple moving average of $547.60 and a two-hundred day simple moving average of $547.60. The company has a quick ratio of 1.48, a current ratio of 2.66 and a debt-to-equity ratio of 0.95.

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

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were paid a $2.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.90%. NewMarket’s payout ratio is currently 24.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.