MML Investors Services LLC Purchases 179 Shares of NewMarket Co. (NYSE:NEU)

MML Investors Services LLC lifted its holdings in NewMarket Co. (NYSE:NEU) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,368 shares of the specialty chemicals company’s stock after buying an additional 179 shares during the period. MML Investors Services LLC’s holdings in NewMarket were worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in NewMarket by 166.7% during the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 30 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of NewMarket in the fourth quarter worth $40,000. Centricity Wealth Management LLC bought a new stake in shares of NewMarket during the 4th quarter valued at $56,000. Blue Trust Inc. lifted its stake in shares of NewMarket by 55.3% during the 4th quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock valued at $65,000 after buying an additional 42 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of NewMarket during the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 1.0 %

Shares of NEU opened at $607.09 on Tuesday. NewMarket Co. has a 12-month low of $480.00 and a 12-month high of $616.11. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.76 billion, a PE ratio of 12.59 and a beta of 0.44. The business’s 50 day moving average is $553.76 and its 200 day moving average is $535.73.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. The firm had revenue of $700.95 million for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $2.75 per share. The ex-dividend date is Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.81%. NewMarket’s payout ratio is 21.89%.

Analysts Set New Price Targets

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

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.