Janney Montgomery Scott LLC Takes Position in NewMarket Co. (NYSE:NEU)

Janney Montgomery Scott LLC bought a new stake in NewMarket Co. (NYSE:NEU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 477 shares of the specialty chemicals company’s stock, valued at approximately $252,000.

A number of other large investors have also modified their holdings of the stock. State Street Corp grew its stake in shares of NewMarket by 4.1% in the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock valued at $127,132,000 after buying an additional 8,979 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of NewMarket by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company’s stock valued at $94,314,000 after buying an additional 537 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock valued at $43,459,000 after buying an additional 7,719 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NewMarket by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock valued at $27,917,000 after buying an additional 722 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of NewMarket by 14.4% in the third quarter. New York State Common Retirement Fund now owns 40,594 shares of the specialty chemicals company’s stock valued at $22,403,000 after buying an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Monday.

NewMarket Trading Up 1.1 %

Shares of NEU opened at $539.79 on Thursday. The company has a market capitalization of $5.18 billion, a P/E ratio of 11.20 and a beta of 0.48. NewMarket Co. has a one year low of $480.00 and a one year high of $650.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.50 and a current ratio of 2.75. The stock has a 50-day moving average price of $514.74 and a 200 day moving average price of $534.48.

NewMarket (NYSE:NEU) last issued 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 Company 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.