Signaturefd LLC Has $122,000 Stock Holdings in NewMarket Co. (NYSE:NEU)

Signaturefd LLC lowered its holdings in NewMarket Co. (NYSE:NEU) by 11.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230 shares of the specialty chemicals company’s stock after selling 30 shares during the quarter. Signaturefd LLC’s holdings in NewMarket were worth $122,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NEU. Parallel Advisors LLC grew its position in NewMarket by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 735 shares of the specialty chemicals company’s stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Gallacher Capital Management LLC grew its position in NewMarket by 25.3% during the fourth quarter. Gallacher Capital Management LLC now owns 674 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 136 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in NewMarket by 5.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company’s stock valued at $550,000 after acquiring an additional 55 shares during the period. Natixis Advisors LLC increased its stake in NewMarket by 12.6% during the fourth quarter. Natixis Advisors LLC now owns 19,436 shares of the specialty chemicals company’s stock valued at $10,269,000 after acquiring an additional 2,182 shares during the period. Finally, Impact Capital Partners LLC acquired a new position in NewMarket in the 4th quarter valued at approximately $402,000. 61.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

NewMarket Trading Down 1.6 %

Shares of NewMarket stock opened at $529.99 on Monday. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $638.21. The firm has a market capitalization of $5.03 billion, a PE ratio of 10.99 and a beta of 0.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The company’s fifty day moving average price is $527.04 and its two-hundred day moving average price is $532.95.

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

NewMarket Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s dividend payout ratio (DPR) is 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.