Sei Investments Co. Increases Position in NewMarket Corporation $NEU

Sei Investments Co. raised its position in shares of NewMarket Corporation (NYSE:NEU) by 376.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,416 shares of the specialty chemicals company’s stock after purchasing an additional 19,292 shares during the period. Sei Investments Co. owned approximately 0.27% of NewMarket worth $15,648,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NEU. Robeco Institutional Asset Management B.V. raised its position in NewMarket by 28.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 16,087 shares of the specialty chemicals company’s stock valued at $11,056,000 after purchasing an additional 3,550 shares during the period. SG Americas Securities LLC boosted its position in shares of NewMarket by 104.9% during the fourth quarter. SG Americas Securities LLC now owns 4,855 shares of the specialty chemicals company’s stock worth $3,337,000 after buying an additional 2,486 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of NewMarket by 4,647.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,555 shares of the specialty chemicals company’s stock worth $3,818,000 after buying an additional 5,438 shares during the period. Pacer Advisors Inc. grew its stake in shares of NewMarket by 1,469.5% in the fourth quarter. Pacer Advisors Inc. now owns 30,636 shares of the specialty chemicals company’s stock valued at $21,055,000 after buying an additional 28,684 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of NewMarket in the 4th quarter valued at $1,838,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

NewMarket stock opened at $862.83 on Friday. The firm has a market cap of $7.94 billion, a PE ratio of 18.56 and a beta of 0.56. NewMarket Corporation has a 52-week low of $580.03 and a 52-week high of $876.33. The company has a quick ratio of 1.37, a current ratio of 2.55 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $785.20 and its two-hundred day moving average is $698.48.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share for the quarter. The business had revenue of $747.09 million for the quarter. NewMarket had a return on equity of 25.00% and a net margin of 15.80%.

Analyst Upgrades and Downgrades

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