WINTON GROUP Ltd Takes $3.16 Million Position in NewMarket Co. (NYSE:NEU)

WINTON GROUP Ltd purchased a new position in NewMarket Co. (NYSE:NEU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,988 shares of the specialty chemicals company’s stock, valued at approximately $3,164,000. WINTON GROUP Ltd owned 0.06% of NewMarket as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NEU. Thrivent Financial for Lutherans grew its position in NewMarket by 8.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,803 shares of the specialty chemicals company’s stock worth $995,000 after purchasing an additional 134 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock worth $43,459,000 after acquiring an additional 7,719 shares during the period. Citigroup Inc. increased its position in NewMarket by 51.2% during the third quarter. Citigroup Inc. now owns 6,679 shares of the specialty chemicals company’s stock valued at $3,686,000 after acquiring an additional 2,262 shares during the last quarter. Larson Financial Group LLC lifted its holdings in NewMarket by 51.6% in the third quarter. Larson Financial Group LLC now owns 482 shares of the specialty chemicals company’s stock valued at $266,000 after acquiring an additional 164 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in NewMarket in the third quarter worth about $275,000. 61.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NewMarket Stock Up 0.6 %

NEU opened at $558.06 on Friday. The firm’s 50 day simple moving average is $531.40 and its two-hundred day simple moving average is $533.38. The company has a market capitalization of $5.29 billion, a PE ratio of 11.58 and a beta of 0.41. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $638.21. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66.

NewMarket (NYSE:NEU) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%.

NewMarket Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $2.75 per share. The ex-dividend date is Monday, March 17th. This represents a $11.00 annualized dividend and a yield of 1.97%. This is an increase from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s payout ratio is currently 22.82%.

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.