Principal Securities Inc. Has $189,000 Stock Holdings in NewMarket Co. (NYSE:NEU)

Principal Securities Inc. increased its position in shares of NewMarket Co. (NYSE:NEU) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357 shares of the specialty chemicals company’s stock after buying an additional 35 shares during the quarter. Principal Securities Inc.’s holdings in NewMarket were worth $189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEU. Exchange Traded Concepts LLC raised its holdings in NewMarket by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,398 shares of the specialty chemicals company’s stock worth $739,000 after buying an additional 35 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of NewMarket by 55.3% in the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock worth $65,000 after acquiring an additional 42 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in NewMarket by 13.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after acquiring an additional 45 shares in the last quarter. Quantinno Capital Management LP boosted its stake in NewMarket by 3.0% during the 3rd quarter. Quantinno Capital Management LP now owns 1,675 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 48 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in NewMarket by 36.9% during the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 1.2 %

NYSE NEU opened at $555.28 on Tuesday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 11.52 and a beta of 0.48. The business’s fifty day moving average is $515.81 and its 200-day moving average is $534.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. NewMarket Co. has a one year low of $480.00 and a one year high of $650.00.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.