Quantinno Capital Management LP Buys 48 Shares of NewMarket Co. (NYSE:NEU)

Quantinno Capital Management LP boosted its stake in shares of NewMarket Co. (NYSE:NEU) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,675 shares of the specialty chemicals company’s stock after purchasing an additional 48 shares during the period. Quantinno Capital Management LP’s holdings in NewMarket were worth $924,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of NewMarket during the 2nd quarter valued at about $33,000. Quest Partners LLC purchased a new position in NewMarket during the second quarter valued at approximately $38,000. Blue Trust Inc. boosted its position in shares of NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 65 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of NewMarket in the second quarter worth $54,000. Finally, nVerses Capital LLC bought a new stake in shares of NewMarket during the 2nd quarter valued at $103,000. Institutional investors own 61.09% of the company’s stock.

NewMarket Trading Up 0.5 %

Shares of NewMarket stock opened at $541.60 on Friday. NewMarket Co. has a fifty-two week low of $494.04 and a fifty-two week high of $650.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. The company has a market capitalization of $5.20 billion, a P/E ratio of 12.03 and a beta of 0.50. The company has a fifty day moving average of $536.77 and a 200 day moving average of $540.37.

NewMarket (NYSE:NEU) last released its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The firm had revenue of $724.95 million during the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is currently 22.21%.

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.