NewMarket (NYSE:NEU) Stock Rating Lowered by StockNews.com

NewMarket (NYSE:NEU) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

NewMarket Stock Up 1.7 %

NYSE:NEU opened at $552.56 on Wednesday. The company has a market cap of $5.30 billion, a PE ratio of 13.29 and a beta of 0.47. The stock has a 50-day simple moving average of $531.87 and a 200 day simple moving average of $571.85. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.60 and a current ratio of 2.86. NewMarket has a 52-week low of $429.19 and a 52-week high of $650.00.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $11.23 earnings per share for the quarter. NewMarket had a net margin of 14.82% and a return on equity of 38.99%. The business had revenue of $696.74 million during the quarter.

Hedge Funds Weigh In On NewMarket

Several large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in NewMarket during the 4th quarter worth approximately $37,659,000. Vanguard Group Inc. boosted its position in shares of NewMarket by 5.9% in the third quarter. Vanguard Group Inc. now owns 717,923 shares of the specialty chemicals company’s stock valued at $326,684,000 after acquiring an additional 40,028 shares during the period. LSV Asset Management grew its stake in shares of NewMarket by 10.4% in the fourth quarter. LSV Asset Management now owns 253,506 shares of the specialty chemicals company’s stock valued at $138,371,000 after acquiring an additional 23,938 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in NewMarket by 54,482.1% in the 4th quarter. International Assets Investment Management LLC now owns 21,287 shares of the specialty chemicals company’s stock valued at $11,619,000 after purchasing an additional 21,248 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of NewMarket by 102.6% during the first quarter. Lazard Asset Management LLC now owns 36,368 shares of the specialty chemicals company’s stock worth $23,079,000 after purchasing an additional 18,413 shares during the period. 61.09% of the stock is owned by institutional investors.

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.