Atria Investments Inc Sells 90 Shares of NewMarket Co. (NYSE:NEU)

Atria Investments Inc decreased its stake in shares of NewMarket Co. (NYSE:NEU) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,282 shares of the specialty chemicals company’s stock after selling 90 shares during the quarter. Atria Investments Inc’s holdings in NewMarket were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of NewMarket by 10.1% during the third quarter. Assetmark Inc. now owns 3,098 shares of the specialty chemicals company’s stock valued at $1,710,000 after purchasing an additional 285 shares during the period. Van ECK Associates Corp raised its stake in NewMarket by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after buying an additional 1,463 shares during the period. Farther Finance Advisors LLC boosted its holdings in NewMarket by 2,493.3% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the specialty chemicals company’s stock worth $215,000 after acquiring an additional 374 shares in the last quarter. New York State Common Retirement Fund grew its stake in NewMarket by 14.4% in the third quarter. New York State Common Retirement Fund now owns 40,594 shares of the specialty chemicals company’s stock valued at $22,403,000 after acquiring an additional 5,100 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in shares of NewMarket by 5.7% during the third quarter. Salomon & Ludwin LLC now owns 3,596 shares of the specialty chemicals company’s stock valued at $1,985,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Down 2.0 %

NYSE:NEU opened at $538.42 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. NewMarket Co. has a one year low of $494.04 and a one year high of $650.00. The company has a market cap of $5.17 billion, a PE ratio of 11.96 and a beta of 0.50. The firm has a 50-day moving average of $541.88 and a 200-day moving average of $542.00.

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

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

Wall Street Analysts Forecast Growth

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

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.