Inspire Investing LLC Has $413,000 Stock Holdings in NewMarket Co. (NYSE:NEU)

Inspire Investing LLC lifted its stake in NewMarket Co. (NYSE:NEU) by 9.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 749 shares of the specialty chemicals company’s stock after purchasing an additional 65 shares during the quarter. Inspire Investing LLC’s holdings in NewMarket were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NEU. Bank of Montreal Can increased its position in shares of NewMarket by 4.7% in the second quarter. Bank of Montreal Can now owns 739 shares of the specialty chemicals company’s stock worth $399,000 after acquiring an additional 33 shares in the last quarter. Arizona State Retirement System raised its stake in NewMarket by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 2,013 shares of the specialty chemicals company’s stock valued at $1,038,000 after purchasing an additional 36 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of NewMarket by 29.6% in the first quarter. EntryPoint Capital LLC now owns 175 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 40 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of NewMarket in the first quarter worth $30,000. Finally, Park Avenue Securities LLC grew its holdings in shares of NewMarket by 4.0% during the first quarter. Park Avenue Securities LLC now owns 1,254 shares of the specialty chemicals company’s stock valued at $796,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at NewMarket

In related news, CAO Bruce R. Hazelgrove III sold 1,270 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $194,862.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 20.40% of the company’s stock.

NewMarket Stock Performance

NEU stock opened at $530.20 on Thursday. The stock has a market cap of $5.09 billion, a P/E ratio of 12.75 and a beta of 0.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.48 and a current ratio of 2.66. The firm has a 50 day simple moving average of $548.38 and a 200 day simple moving average of $549.58. NewMarket Co. has a 52 week low of $436.90 and a 52 week high of $650.00.

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

NewMarket Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, September 16th. NewMarket’s payout ratio is currently 24.06%.

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.