NewMarket Co. (NYSE:NEU) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its holdings in shares of NewMarket Co. (NYSE:NEU) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,821 shares of the specialty chemicals company’s stock after selling 163 shares during the quarter. AQR Capital Management LLC owned about 0.83% of NewMarket worth $40,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Partners LLC purchased a new stake in NewMarket in the first quarter valued at approximately $30,000. UMB Bank n.a. increased its holdings in shares of NewMarket by 64.5% during the 1st quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 20 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of NewMarket by 1,300.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 52 shares during the period. Headlands Technologies LLC purchased a new stake in NewMarket during the second quarter valued at about $33,000. Finally, Quest Partners LLC purchased a new stake in NewMarket during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

NewMarket stock opened at $552.73 on Friday. The firm has a fifty day moving average of $553.77 and a 200-day moving average of $558.50. NewMarket Co. has a 52-week low of $436.90 and a 52-week high of $650.00. The company has a quick ratio of 1.48, a current ratio of 2.66 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $5.30 billion, a P/E ratio of 13.30 and a beta of 0.50.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Monday, July 29th. The specialty chemicals company reported $11.63 EPS for the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%. The company had revenue of $710.23 million for the quarter.

NewMarket Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, September 16th. NewMarket’s dividend payout ratio is presently 24.06%.

Insider Buying and Selling at NewMarket

In other news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $544.31, for a total transaction of $691,273.70. Following the transaction, the chief accounting officer now directly owns 358 shares of the company’s stock, valued at $194,862.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.