SG Americas Securities LLC Trims Stock Holdings in NewMarket Corporation $NEU

SG Americas Securities LLC lessened its holdings in shares of NewMarket Corporation (NYSE:NEU) by 18.1% in the first quarter, Holdings Channel.com reports. The firm owned 3,976 shares of the specialty chemicals company’s stock after selling 879 shares during the period. SG Americas Securities LLC’s holdings in NewMarket were worth $2,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. purchased a new position in shares of NewMarket during the 4th quarter valued at approximately $220,000. Rockefeller Capital Management L.P. grew its position in shares of NewMarket by 113.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 156 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 83 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of NewMarket by 57.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,522 shares of the specialty chemicals company’s stock worth $1,046,000 after buying an additional 556 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of NewMarket by 1,992.7% in the fourth quarter. Hsbc Holdings PLC now owns 5,148 shares of the specialty chemicals company’s stock worth $3,556,000 after buying an additional 4,902 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in NewMarket by 10,687.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 863 shares of the specialty chemicals company’s stock valued at $593,000 after acquiring an additional 855 shares in the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

NewMarket Stock Up 0.2%

Shares of NewMarket stock opened at $792.25 on Wednesday. The business has a 50-day moving average price of $743.21 and a 200 day moving average price of $688.54. NewMarket Corporation has a fifty-two week low of $580.03 and a fifty-two week high of $875.97. The firm has a market cap of $7.29 billion, a P/E ratio of 18.10 and a beta of 0.56. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54.

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

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. NewMarket’s dividend payout ratio is currently 27.41%.

NewMarket Company 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.