Mount Yale Investment Advisors LLC Has $302,000 Stake in NewMarket Co. (NYSE:NEU)

Mount Yale Investment Advisors LLC cut its stake in NewMarket Co. (NYSE:NEU) by 6.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 476 shares of the specialty chemicals company’s stock after selling 32 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NewMarket were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in NewMarket in the 1st quarter worth about $30,000. UMB Bank n.a. increased its holdings in NewMarket by 64.5% in the 1st quarter. UMB Bank n.a. now owns 51 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 20 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of NewMarket by 1,300.0% in the first quarter. Janiczek Wealth Management LLC now owns 56 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 52 shares during the period. Lindbrook Capital LLC increased its stake in shares of NewMarket by 35.6% in the fourth quarter. Lindbrook Capital LLC now owns 80 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 21 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of NewMarket in the fourth quarter valued at about $50,000. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Trading Down 0.8 %

Shares of NewMarket stock traded down $4.74 on Monday, hitting $557.13. 24,064 shares of the company’s stock traded hands, compared to its average volume of 39,935. The company has a fifty day moving average of $532.08 and a two-hundred day moving average of $571.99. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 13.37 and a beta of 0.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.86 and a quick ratio of 1.60. NewMarket Co. has a one year low of $436.90 and a one year high of $650.00.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

NewMarket 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.