NewMarket Corporation $NEU Position Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in shares of NewMarket Corporation (NYSE:NEU) by 174.3% in the 3rd quarter, Holdings Channel reports. The fund owned 23,556 shares of the specialty chemicals company’s stock after buying an additional 14,968 shares during the period. Allianz Asset Management GmbH’s holdings in NewMarket were worth $19,509,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Winnow Wealth LLC acquired a new position in NewMarket during the 3rd quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in shares of NewMarket during the third quarter valued at approximately $30,000. Quent Capital LLC acquired a new position in shares of NewMarket during the third quarter worth approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 buying an additional 39 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in NewMarket in the 3rd quarter valued at approximately $96,000. 61.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

NewMarket Price Performance

NYSE NEU opened at $723.99 on Friday. NewMarket Corporation has a 12 month low of $510.07 and a 12 month high of $875.97. The firm has a market capitalization of $6.81 billion, a PE ratio of 15.30 and a beta of 0.48. The company’s 50 day simple moving average is $705.49 and its 200 day simple moving average is $754.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.68 and a quick ratio of 1.43.

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.