LSV Asset Management Has $222.32 Million Stake in NewMarket Corporation $NEU

LSV Asset Management raised its stake in NewMarket Corporation (NYSE:NEU) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,432 shares of the specialty chemicals company’s stock after acquiring an additional 6,284 shares during the period. LSV Asset Management owned about 2.86% of NewMarket worth $222,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 39 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in NewMarket by 1,442.4% during the 1st quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after purchasing an additional 476 shares during the last quarter. United Services Automobile Association bought a new position in NewMarket during the 1st quarter valued at about $266,000. Empowered Funds LLC boosted its position in NewMarket by 4.8% in the first quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock valued at $885,000 after buying an additional 72 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NewMarket by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after buying an additional 1,995 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

NewMarket Price Performance

NewMarket stock opened at $697.81 on Thursday. The business’s 50-day simple moving average is $702.79 and its 200 day simple moving average is $754.51. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 14.74 and a beta of 0.48. NewMarket Corporation has a 12-month low of $510.07 and a 12-month high of $875.97.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.33% and a return on equity of 28.53%. The company had revenue of $635.40 million for the quarter.

Analysts Set New Price Targets

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

About NewMarket

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.