Eagle Asset Management Inc. acquired a new position in shares of NewMarket Co. (NYSE:NEU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,201 shares of the specialty chemicals company’s stock, valued at approximately $6,385,000. Eagle Asset Management Inc. owned about 0.14% of NewMarket at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of NewMarket by 6.7% in the 2nd quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 15 shares during the period. Capital Analysts LLC increased its holdings in shares of NewMarket by 24.3% in the 3rd quarter. Capital Analysts LLC now owns 707 shares of the specialty chemicals company’s stock valued at $301,000 after acquiring an additional 138 shares during the period. Vident Investment Advisory LLC increased its holdings in shares of NewMarket by 33.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 596 shares of the specialty chemicals company’s stock valued at $254,000 after acquiring an additional 148 shares during the period. Prudential Financial Inc. increased its holdings in shares of NewMarket by 2.6% in the 3rd quarter. Prudential Financial Inc. now owns 5,992 shares of the specialty chemicals company’s stock valued at $2,551,000 after acquiring an additional 152 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of NewMarket by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,227 shares of the specialty chemicals company’s stock valued at $1,486,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 59.16% of the company’s stock.
Separately, TheStreet cut shares of NewMarket from a “b-” rating to a “c” rating in a report on Wednesday, February 7th.
NewMarket Co. (NEU) opened at $425.56 on Friday. The company has a market cap of $4,991.65, a price-to-earnings ratio of 22.58 and a beta of 0.81. NewMarket Co. has a 1-year low of $373.59 and a 1-year high of $483.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.63 and a quick ratio of 1.42.
NewMarket (NYSE:NEU) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.62 by ($0.57). The business had revenue of $559.98 million during the quarter, compared to analyst estimates of $522.10 million. NewMarket had a net margin of 8.67% and a return on equity of 37.86%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.86 earnings per share.
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NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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