SEB Asset Management AB Invests $2.06 Million in NewMarket Corporation $NEU

SEB Asset Management AB purchased a new stake in NewMarket Corporation (NYSE:NEU) during the first quarter, Holdings Channel reports. The fund purchased 3,222 shares of the specialty chemicals company’s stock, valued at approximately $2,065,000.

Other large investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of NewMarket during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NewMarket by 100.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 39 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in NewMarket by 50.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 25 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of NewMarket in the 3rd quarter valued at about $52,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

NewMarket Stock Down 0.2%

NEU opened at $766.95 on Friday. NewMarket Corporation has a one year low of $580.03 and a one year high of $875.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 2.55. The business’s fifty day moving average is $775.67 and its two-hundred day moving average is $695.43. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 17.52 and a beta of 0.56.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, April 22nd. The specialty chemicals company reported $12.62 EPS for the quarter. The firm had revenue of $669.72 million for the quarter. NewMarket had a net margin of 15.25% and a return on equity of 24.12%.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.