Atria Investments Inc Sells 90 Shares of NewMarket Co. (NYSE:NEU)

Atria Investments Inc trimmed its position in NewMarket Co. (NYSE:NEU) by 6.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,282 shares of the specialty chemicals company’s stock after selling 90 shares during the period. Atria Investments Inc’s holdings in NewMarket were worth $708,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NEU. Great Valley Advisor Group Inc. grew its holdings in shares of NewMarket by 31.9% during the second quarter. Great Valley Advisor Group Inc. now owns 4,367 shares of the specialty chemicals company’s stock worth $2,251,000 after purchasing an additional 1,056 shares during the last quarter. Lazard Asset Management LLC grew its holdings in NewMarket by 102.6% during the 1st quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock worth $23,079,000 after acquiring an additional 18,413 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of NewMarket during the second quarter valued at $486,000. Van ECK Associates Corp raised its stake in shares of NewMarket by 40.0% during the third quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock valued at $2,655,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NewMarket by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock worth $82,214,000 after purchasing an additional 12,110 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analysts Set New Price Targets

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

NewMarket Price Performance

NewMarket stock opened at $538.42 on Tuesday. The firm has a market cap of $5.17 billion, a P/E ratio of 11.96 and a beta of 0.50. The stock’s 50 day moving average is $541.88 and its 200 day moving average is $542.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a one year low of $494.04 and a one year high of $650.00.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The firm had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a dividend of $2.50 per share. The ex-dividend date is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.86%. NewMarket’s payout ratio is currently 22.21%.

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.