Acadian Asset Management LLC Has $4.74 Million Stock Holdings in NewMarket Co. (NYSE:NEU)

Acadian Asset Management LLC grew its position in shares of NewMarket Co. (NYSE:NEU) by 14.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,843 shares of the specialty chemicals company’s stock after acquiring an additional 1,733 shares during the quarter. Acadian Asset Management LLC owned 0.13% of NewMarket worth $4,739,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NEU. Point72 Hong Kong Ltd acquired a new position in NewMarket during the 2nd quarter worth approximately $42,000. CI Investments Inc. acquired a new stake in shares of NewMarket in the 3rd quarter valued at approximately $45,000. CWM LLC boosted its holdings in shares of NewMarket by 146.4% in the 3rd quarter. CWM LLC now owns 138 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 82 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of NewMarket in the 2nd quarter valued at approximately $52,000. Finally, NN Investment Partners Holdings N.V. boosted its holdings in shares of NewMarket by 151.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 181 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 109 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

NYSE NEU opened at $367.06 on Friday. NewMarket Co. has a 12 month low of $304.65 and a 12 month high of $498.15. The stock has a 50 day moving average of $360.09 and a 200-day moving average of $386.08. The company has a current ratio of 2.77, a quick ratio of 1.57 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.01 billion, a PE ratio of 15.98 and a beta of 0.41.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, October 28th. The specialty chemicals company reported $8.77 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $1.80. NewMarket had a return on equity of 37.86% and a net margin of 12.58%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Tuesday, December 15th will be paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, December 14th.

Separately, TheStreet downgraded NewMarket from a “b” rating to a “c+” rating in a report on Wednesday, July 29th.

About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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