Van ECK Associates Corp Raises Stock Position in NewMarket Co. (NYSE:NEU)

Van ECK Associates Corp lifted its holdings in NewMarket Co. (NYSE:NEU) by 51.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,774 shares of the specialty chemicals company’s stock after purchasing an additional 2,655 shares during the period. Van ECK Associates Corp owned about 0.08% of NewMarket worth $4,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in NewMarket by 4.1% in the 3rd quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after acquiring an additional 8,979 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of NewMarket by 1.3% during the 4th quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company’s stock valued at $104,648,000 after buying an additional 2,493 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NewMarket by 10.9% in the 3rd 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. DAVENPORT & Co LLC lifted its holdings in NewMarket by 29.2% in the 4th quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock valued at $35,545,000 after purchasing an additional 15,129 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in NewMarket by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock valued at $27,917,000 after acquiring an additional 722 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

NewMarket Stock Down 2.6 %

Shares of NYSE NEU opened at $544.93 on Thursday. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 11.30 and a beta of 0.48. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $515.36 and its two-hundred day moving average is $534.08. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

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.