waypoint wealth counsel Invests $211,000 in NewMarket Co. (NYSE:NEU)

waypoint wealth counsel acquired a new stake in NewMarket Co. (NYSE:NEU) in the third quarter, HoldingsChannel.com reports. The fund acquired 383 shares of the specialty chemicals company’s stock, valued at approximately $211,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in shares of NewMarket by 64.7% in the 2nd quarter. Pacer Advisors Inc. now owns 198,249 shares of the specialty chemicals company’s stock valued at $102,211,000 after buying an additional 77,908 shares during the period. Lazard Asset Management LLC boosted its position in shares of NewMarket by 102.6% during the 1st quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock worth $23,079,000 after purchasing an additional 18,413 shares in the last quarter. Millennium Management LLC grew its stake in shares of NewMarket by 5,480.4% during the 2nd quarter. Millennium Management LLC now owns 18,192 shares of the specialty chemicals company’s stock worth $9,379,000 after purchasing an additional 17,866 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of NewMarket by 170.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 23,633 shares of the specialty chemicals company’s stock valued at $12,184,000 after purchasing an additional 14,902 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NewMarket by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 159,467 shares of the specialty chemicals company’s stock valued at $82,214,000 after purchasing an additional 12,110 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

NEU traded down $0.31 during midday trading on Friday, reaching $529.29. 23,510 shares of the company’s stock were exchanged, compared to its average volume of 37,311. NewMarket Co. has a 1-year low of $436.90 and a 1-year high of $650.00. The stock has a market capitalization of $5.08 billion, a PE ratio of 12.73 and a beta of 0.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.66 and a quick ratio of 1.48. The business’s 50-day moving average price is $552.61 and its 200 day moving average price is $555.82.

NewMarket (NYSE:NEU) last announced its earnings results 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 firm had revenue of $710.23 million for the quarter.

NewMarket Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a dividend of $2.50 per share. The ex-dividend date was Monday, September 16th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.89%. NewMarket’s dividend payout ratio (DPR) is presently 24.06%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 1,270 shares of NewMarket stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $544.31, for a total value of $691,273.70. Following the completion of the sale, the chief accounting officer now owns 358 shares in the company, valued at $194,862.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by corporate insiders.

NewMarket 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.