NewMarket Co. (NYSE:NEU) Shares Bought by Salomon & Ludwin LLC

Salomon & Ludwin LLC grew its stake in NewMarket Co. (NYSE:NEU) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,596 shares of the specialty chemicals company’s stock after acquiring an additional 193 shares during the quarter. Salomon & Ludwin LLC’s holdings in NewMarket were worth $1,985,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. ORG Partners LLC acquired a new position in NewMarket in the first quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new position in shares of NewMarket during the 2nd quarter worth $33,000. Quest Partners LLC purchased a new position in shares of NewMarket during the 2nd quarter worth $38,000. Blue Trust Inc. increased its position in shares of NewMarket by 590.9% during the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 65 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in NewMarket in the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Insider Activity at NewMarket

In other 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 transaction, the chief accounting officer now owns 358 shares in the company, valued at approximately $194,862.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

NewMarket Stock Down 0.3 %

NewMarket stock opened at $538.64 on Monday. The company has a market capitalization of $5.17 billion, a PE ratio of 12.96 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. NewMarket Co. has a fifty-two week low of $451.01 and a fifty-two week high of $650.00. The firm has a 50 day moving average price of $545.66 and a 200 day moving average price of $545.06.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The business had revenue of $724.95 million during the quarter. NewMarket had a return on equity of 37.06% and a net margin of 15.12%.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 dividend on an annualized basis and a yield of 1.86%. NewMarket’s dividend payout ratio (DPR) is presently 24.06%.

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.