JLB & Associates Inc. Reduces Position in NewMarket Co. (NYSE:NEU)

JLB & Associates Inc. decreased its position in NewMarket Co. (NYSE:NEU) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,866 shares of the specialty chemicals company’s stock after selling 146 shares during the period. JLB & Associates Inc. owned about 0.22% of NewMarket worth $8,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in NewMarket during the 1st quarter valued at $36,000. Point72 Hong Kong Ltd purchased a new position in NewMarket during the 2nd quarter valued at about $42,000. Advisors Asset Management Inc. bought a new position in NewMarket during the 2nd quarter valued at approximately $52,000. US Bancorp DE lifted its holdings in NewMarket by 252.1% in the 1st quarter. US Bancorp DE now owns 169 shares of the specialty chemicals company’s stock worth $65,000 after buying an additional 121 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its position in shares of NewMarket by 151.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 181 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 109 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Separately, TheStreet downgraded NewMarket from a “b” rating to a “c+” rating in a report on Wednesday, July 29th.

Shares of NYSE:NEU traded up $6.78 on Friday, hitting $367.72. The company had a trading volume of 30,544 shares, compared to its average volume of 52,109. The firm’s 50-day simple moving average is $358.83 and its two-hundred day simple moving average is $392.63. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.15 and a beta of 0.48. The company has a quick ratio of 1.86, a current ratio of 3.38 and a debt-to-equity ratio of 1.09. NewMarket Co. has a 1 year low of $304.65 and a 1 year high of $505.16.

NewMarket (NYSE:NEU) last released its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.13 by ($5.08). The company had revenue of $410.86 million during the quarter. NewMarket had a return on equity of 34.91% and a net margin of 10.96%.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, September 14th.

About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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