Highland Capital Management LLC Takes $243,000 Position in NewMarket Co. (NYSE:NEU)

Highland Capital Management LLC acquired a new position in NewMarket Co. (NYSE:NEU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 460 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in NewMarket by 590.9% in the 3rd quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 65 shares during the period. Eagle Bay Advisors LLC bought a new position in NewMarket during the fourth quarter worth $40,000. GAMMA Investing LLC raised its stake in NewMarket by 95.5% during the 3rd quarter. GAMMA Investing LLC now owns 215 shares of the specialty chemicals company’s stock valued at $119,000 after purchasing an additional 105 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in NewMarket by 36.9% in the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 59 shares during the period. Finally, ORG Partners LLC acquired a new stake in NewMarket in the 4th quarter worth $159,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Down 0.4 %

Shares of NEU opened at $498.67 on Friday. 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 50-day simple moving average of $518.60 and a 200-day simple moving average of $536.45. NewMarket Co. has a 52 week low of $480.00 and a 52 week high of $650.00. The firm has a market capitalization of $4.79 billion, a P/E ratio of 11.07 and a beta of 0.50.

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.