NewMarket Co. (NYSE:NEU) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in NewMarket Co. (NYSE:NEU) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,746 shares of the specialty chemicals company’s stock after acquiring an additional 7,719 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NewMarket were worth $43,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NEU. Bank of Montreal Can boosted its stake in NewMarket by 4.7% during the 2nd quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after purchasing an additional 33 shares during the last quarter. Arizona State Retirement System boosted its position in NewMarket by 1.8% during the second quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock worth $1,038,000 after acquiring an additional 36 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in NewMarket by 13.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 382 shares of the specialty chemicals company’s stock valued at $210,000 after acquiring an additional 45 shares in the last quarter. CENTRAL TRUST Co raised its holdings in NewMarket by 36.9% in the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 59 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in NewMarket in the 2nd quarter valued at about $33,000. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NewMarket from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

NewMarket Stock Down 1.4 %

Shares of NYSE:NEU opened at $533.56 on Monday. NewMarket Co. has a 52-week low of $494.04 and a 52-week high of $650.00. The company has a quick ratio of 1.50, a current ratio of 2.83 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $538.24 and a two-hundred day moving average of $540.75. The stock has a market cap of $5.12 billion, a P/E ratio of 11.85 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The firm had revenue of $724.95 million during the quarter.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be issued a dividend of $2.50 per share. The ex-dividend date is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.87%. NewMarket’s dividend payout ratio is currently 22.21%.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.