Kohmann Bosshard Financial Services LLC Buys New Stake in NewMarket Co. (NYSE:NEU)

Kohmann Bosshard Financial Services LLC purchased a new position in shares of NewMarket Co. (NYSE:NEU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 140 shares of the specialty chemicals company’s stock, valued at approximately $74,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC acquired a new position in shares of NewMarket in the 4th quarter worth approximately $40,000. Centricity Wealth Management LLC acquired a new position in NewMarket during the fourth quarter worth $56,000. Blue Trust Inc. lifted its holdings in shares of NewMarket by 55.3% during the fourth quarter. Blue Trust Inc. now owns 118 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 42 shares during the period. ORG Partners LLC acquired a new stake in shares of NewMarket in the 4th quarter valued at $159,000. Finally, KBC Group NV grew its holdings in shares of NewMarket by 82.4% in the 4th quarter. KBC Group NV now owns 321 shares of the specialty chemicals company’s stock worth $170,000 after purchasing an additional 145 shares during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NewMarket Stock Up 1.3 %

Shares of NEU opened at $570.25 on Monday. The company has a market capitalization of $5.43 billion, a P/E ratio of 11.83 and a beta of 0.48. NewMarket Co. has a one year low of $480.00 and a one year high of $650.00. The business’s 50 day simple moving average is $518.82 and its 200-day simple moving average is $534.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40.

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

NewMarket Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from NewMarket’s previous quarterly dividend of $2.50. NewMarket’s dividend payout ratio (DPR) is presently 20.74%.

NewMarket Profile

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.