Shares of NewMarket Co. (NYSE:NEU) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given NewMarket an industry rank of 97 out of 255 based on the ratings given to its competitors.
Get NewMarket alerts:Several analysts recently issued reports on NEU shares. TheStreet upgraded NewMarket from a “c” rating to a “b-” rating in a report on Wednesday, April 25th. ValuEngine downgraded NewMarket from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.
NewMarket traded up $2.51, hitting $400.04, during trading hours on Friday, according to Marketbeat.com. The company had a trading volume of 67,467 shares, compared to its average volume of 46,805. NewMarket has a fifty-two week low of $358.33 and a fifty-two week high of $470.43. The company has a market cap of $4.69 billion, a P/E ratio of 21.47 and a beta of 0.74. The company has a current ratio of 2.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95.
NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, April 25th. The specialty chemicals company reported $5.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.60 by ($0.46). NewMarket had a net margin of 8.34% and a return on equity of 35.41%. The company had revenue of $589.20 million during the quarter, compared to analyst estimates of $573.20 million. During the same quarter in the prior year, the company posted $5.39 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be issued a $1.75 dividend. The ex-dividend date is Thursday, June 14th. This represents a $7.00 annualized dividend and a yield of 1.75%.
In other NewMarket news, Treasurer Cameron D. Warner bought 264 shares of the stock in a transaction dated Tuesday, May 1st. The stock was bought at an average cost of $377.68 per share, for a total transaction of $99,707.52. Following the completion of the purchase, the treasurer now directly owns 762 shares of the company’s stock, valued at $287,792.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.91% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in NEU. Bank of Montreal Can grew its stake in shares of NewMarket by 109.0% during the fourth quarter. Bank of Montreal Can now owns 1,724 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 899 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of NewMarket by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 47,351 shares of the specialty chemicals company’s stock valued at $18,817,000 after acquiring an additional 2,642 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NewMarket by 37.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 572 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 156 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of NewMarket by 315.6% during the fourth quarter. Teacher Retirement System of Texas now owns 3,254 shares of the specialty chemicals company’s stock valued at $1,293,000 after acquiring an additional 2,471 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of NewMarket by 3.9% during the fourth quarter. California Public Employees Retirement System now owns 35,440 shares of the specialty chemicals company’s stock valued at $14,084,000 after acquiring an additional 1,316 shares in the last quarter. Institutional investors own 55.65% of the company’s stock.
About NewMarket
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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