NewMarket Co. (NYSE:NEU) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its stake in shares of NewMarket Co. (NYSE:NEU) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,302 shares of the specialty chemicals company’s stock after acquiring an additional 20 shares during the quarter. Atria Investments Inc’s holdings in NewMarket were worth $688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Natixis Advisors LLC increased its stake in shares of NewMarket by 19.4% during the 3rd quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock valued at $9,522,000 after acquiring an additional 2,807 shares during the last quarter. Barclays PLC increased its stake in shares of NewMarket by 34.5% during the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock valued at $2,656,000 after acquiring an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of NewMarket during the 4th quarter valued at about $252,000. Empowered Funds LLC increased its stake in shares of NewMarket by 61.3% during the 4th quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 566 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NewMarket by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock valued at $27,917,000 after acquiring an additional 722 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

NewMarket Stock Up 0.9 %

Shares of NYSE:NEU opened at $523.80 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a 1 year low of $480.00 and a 1 year high of $638.21. The stock has a market capitalization of $4.99 billion, a P/E ratio of 10.86 and a beta of 0.41. The stock has a 50-day simple moving average of $522.45 and a 200-day simple moving average of $534.28.

NewMarket (NYSE:NEU) last issued its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s dividend payout ratio is currently 22.82%.

About NewMarket

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.