JLB & Associates Inc. Buys Shares of 1,438 NewMarket Corporation $NEU

JLB & Associates Inc. purchased a new position in shares of NewMarket Corporation (NYSE:NEU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,438 shares of the specialty chemicals company’s stock, valued at approximately $1,138,000.

Other institutional investors also recently modified their holdings of the company. Strs Ohio raised its stake in NewMarket by 12.7% during the first quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 17 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in NewMarket by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,253 shares of the specialty chemicals company’s stock valued at $3,367,000 after acquiring an additional 17 shares during the last quarter. Kesler Norman & Wride LLC boosted its position in NewMarket by 1.6% during the first quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock valued at $786,000 after acquiring an additional 19 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in NewMarket by 5.5% during the 4th quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock worth $252,000 after acquiring an additional 19 shares during the period. Finally, Abel Hall LLC grew its holdings in NewMarket by 6.3% during the 4th quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock worth $230,000 after acquiring an additional 20 shares during the period. 61.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEU. Wall Street Zen raised NewMarket from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NewMarket currently has a consensus rating of “Buy”.

NewMarket Trading Down 0.1%

NYSE:NEU opened at $950.14 on Wednesday. NewMarket Corporation has a 12 month low of $580.03 and a 12 month high of $981.66. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 20.44 and a beta of 0.56. The firm has a fifty day simple moving average of $818.49 and a two-hundred day simple moving average of $721.09.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The firm had revenue of $747.09 million for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%.

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $3.00 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 1.3%. NewMarket’s dividend payout ratio is presently 25.82%.

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.