NewMarket Co. (NYSE:NEU) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC reduced its stake in shares of NewMarket Co. (NYSE:NEU) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 685 shares of the specialty chemicals company’s stock after selling 55 shares during the period. Kanawha Capital Management LLC’s holdings in NewMarket were worth $362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEU. Sanctuary Advisors LLC acquired a new stake in NewMarket during the 2nd quarter worth about $428,000. Inspire Investing LLC grew its position in NewMarket by 9.5% during the 3rd quarter. Inspire Investing LLC now owns 749 shares of the specialty chemicals company’s stock worth $413,000 after purchasing an additional 65 shares during the period. Exchange Traded Concepts LLC grew its position in shares of NewMarket by 30.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,363 shares of the specialty chemicals company’s stock valued at $752,000 after acquiring an additional 319 shares during the period. Blue Trust Inc. grew its position in shares of NewMarket by 590.9% during the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 65 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of NewMarket by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company’s stock valued at $94,314,000 after acquiring an additional 537 shares during the period. 61.09% of the stock is owned by institutional investors and hedge funds.

NewMarket Price Performance

NYSE:NEU opened at $547.29 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $650.00. The stock has a market capitalization of $5.25 billion, a PE ratio of 11.35 and a beta of 0.48. The stock’s 50-day moving average price is $514.61 and its 200-day moving average price is $534.51.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Monday.

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.