Mitsubishi UFJ Trust & Banking Corp Sells 3,600 Shares of NewMarket Corporation $NEU

Mitsubishi UFJ Trust & Banking Corp cut its holdings in NewMarket Corporation (NYSE:NEU) by 48.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,864 shares of the specialty chemicals company’s stock after selling 3,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NewMarket were worth $3,200,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NEU. JLB & Associates Inc. lifted its position in NewMarket by 6.2% during the third quarter. JLB & Associates Inc. now owns 445 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 26 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of NewMarket by 2.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,138 shares of the specialty chemicals company’s stock worth $5,912,000 after buying an additional 156 shares during the last quarter. Jackson Thornton Wealth Management LLC bought a new position in shares of NewMarket in the 3rd quarter valued at $212,000. Inscription Capital LLC increased its holdings in NewMarket by 62.8% in the 3rd quarter. Inscription Capital LLC now owns 638 shares of the specialty chemicals company’s stock worth $528,000 after purchasing an additional 246 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of NewMarket during the third quarter valued at about $30,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE:NEU opened at $670.17 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. NewMarket Corporation has a twelve month low of $480.57 and a twelve month high of $875.97. The company has a fifty day moving average of $711.20 and a 200-day moving average of $755.29. The firm has a market capitalization of $6.30 billion, a P/E ratio of 14.16 and a beta of 0.49.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 EPS for the quarter. NewMarket had a net margin of 16.33% and a return on equity of 28.53%. The business had revenue of $690.31 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NewMarket in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, NewMarket has an average rating of “Buy”.

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.