Venturi Wealth Management LLC Buys 64 Shares of NewMarket Co. (NYSE:NEU)

Venturi Wealth Management LLC increased its stake in shares of NewMarket Co. (NYSE:NEU) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,246 shares of the specialty chemicals company’s stock after acquiring an additional 64 shares during the period. Venturi Wealth Management LLC’s holdings in NewMarket were worth $4,357,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake 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 worth $39,000 after purchasing an additional 65 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in NewMarket by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 170,893 shares of the specialty chemicals company’s stock worth $94,314,000 after acquiring an additional 537 shares in the last quarter. International Assets Investment Management LLC lifted its stake in NewMarket by 55,089.7% in the third quarter. International Assets Investment Management LLC now owns 21,524 shares of the specialty chemicals company’s stock valued at $11,879,000 after acquiring an additional 21,485 shares during the last quarter. CENTRAL TRUST Co lifted its stake in NewMarket by 36.9% in the third quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 59 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of NewMarket by 5.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 2,100 shares of the specialty chemicals company’s stock valued at $1,159,000 after acquiring an additional 100 shares during the period. 61.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a report on Monday, February 10th.

NewMarket Stock Performance

NEU opened at $542.04 on Tuesday. 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 12-month low of $480.00 and a 12-month high of $650.00. The business has a 50 day moving average of $514.81 and a 200-day moving average of $533.96. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 11.24 and a beta of 0.48.

NewMarket (NYSE:NEU) last announced its quarterly earnings results 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%.

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.