NewMarket Co. (NYSE:NEU) Shares Purchased by Amalgamated Bank

Amalgamated Bank lifted its stake in NewMarket Co. (NYSE:NEUFree Report) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,775 shares of the specialty chemicals company’s stock after buying an additional 537 shares during the period. Amalgamated Bank’s holdings in NewMarket were worth $2,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. J.P. Morgan Private Wealth Advisors LLC increased its position in NewMarket by 4.0% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 1,075 shares of the specialty chemicals company’s stock valued at $489,000 after acquiring an additional 41 shares during the period. New York State Common Retirement Fund lifted its stake in shares of NewMarket by 5.0% in the 3rd quarter. New York State Common Retirement Fund now owns 37,378 shares of the specialty chemicals company’s stock worth $17,008,000 after acquiring an additional 1,791 shares during the period. Jump Financial LLC boosted its holdings in shares of NewMarket by 64.0% in the third quarter. Jump Financial LLC now owns 4,114 shares of the specialty chemicals company’s stock valued at $1,872,000 after acquiring an additional 1,605 shares in the last quarter. Donoghue Forlines LLC bought a new stake in NewMarket during the third quarter worth approximately $1,573,000. Finally, LSV Asset Management boosted its stake in NewMarket by 62.7% during the 3rd quarter. LSV Asset Management now owns 229,568 shares of the specialty chemicals company’s stock valued at $104,463,000 after purchasing an additional 88,476 shares in the last quarter. Hedge funds and other institutional investors own 60.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 4th.

Check Out Our Latest Stock Analysis on NEU

NewMarket Stock Performance

Shares of NEU opened at $597.10 on Tuesday. NewMarket Co. has a 12-month low of $334.36 and a 12-month high of $599.61. The stock has a market capitalization of $5.73 billion, a P/E ratio of 14.77 and a beta of 0.43. The firm’s 50 day moving average is $563.92 and its 200-day moving average is $503.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.85 and a quick ratio of 1.60.

NewMarket Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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