NEWMARKET Corporation sees massive increase in investment from International Assets Investment Management LLC in Q3
November 6, 2024
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NEWMARKET ($NYSE:NEU) Corporation is a leading global manufacturer of specialty chemical products and provider of technical services. In the third quarter of this year, NEWMARKET Corporation experienced a significant increase in investment from International Assets Investment Management LLC. According to 13F filings, the investment management firm increased its stake in NEWMARKET Co. by an astounding 55089.7%. This growth is attributed to strong performance in the company’s petroleum additives and performance chemicals segments. The partnership with International Assets Investment Management LLC is expected to further boost NEWMARKET Corporation’s financial position and drive future growth. The investment management firm’s expertise and resources will provide valuable support to the company’s operations, allowing it to expand its market reach and enhance its product offerings.
Moreover, this increase in investment also demonstrates the growing demand for NEWMARKET Corporation’s products and services in the global market. As the company continues to expand its portfolio and strengthen its position in key industries, it is well-positioned for long-term success and profitability. It not only reflects the company’s strong financial performance but also highlights its potential for future growth. With the support of a reputable investment management firm, NEWMARKET Corporation is poised to further solidify its position as a leader in the specialty chemical industry.
Share Price
This investment news was announced on Friday, sending the company’s stock soaring. At market open, the stock was trading at $523.62 and by market close, it had risen to $530.41 – an increase of 1.04% from the previous closing price of $524.97. It reflects confidence in the company’s financial stability and future growth potential. The investment management firm is known for making strategic investments in companies with strong fundamentals and promising prospects. Their decision to invest in NEWMARKET Corporation suggests that they see potential in the company and believe it will continue to perform well in the future. The timing of this investment is also worth noting.
It comes at a time when NEWMARKET Corporation has been reporting strong financial results. In their latest earnings report, the company exceeded analyst expectations and posted record revenue and profits. This likely caught the attention of International Assets Investment Management LLC and influenced their decision to invest. It not only boosts the company’s financial standing but also serves as a vote of confidence for its future prospects. The market response to this investment has been favorable, and it will be interesting to see how this momentum carries forward for NEWMARKET Corporation in the rest of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Newmarket Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.7k | 388.86 | 14.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Newmarket Corporation. More…
| Operations | Investing | Financing |
| 576.18 | -48.29 | -488.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Newmarket Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.31k | 1.23k | 112.31 |
Key Ratios Snapshot
Some of the financial key ratios for Newmarket Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 15.7% | 19.5% |
| FCF Margin | ROE | ROA |
| 19.6% | 32.1% | 14.2% |
Analysis
After conducting a thorough analysis, I have determined that NEWMARKET CORPORATION is a company that is thriving in its industry. Based on its Star Chart, NEWMARKET CORPORATION falls under the category of ‘gorilla’, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. As an investor, this type of company would definitely pique my interest. A gorilla company like NEWMARKET CORPORATION is a top player in its industry, with a strong competitive edge that sets it apart from its competitors. This makes it a low-risk investment, as it has a proven track record of success and is likely to continue to perform well in the future. Furthermore, NEWMARKET CORPORATION has a high health score of 10/10 when considering its cashflows and debt. This indicates that the company is capable of sustaining its operations even in times of crisis. This is an important factor to consider as it shows that NEWMARKET CORPORATION has a strong financial foundation, making it a dependable investment. In terms of specific aspects, NEWMARKET CORPORATION excels in dividend, profitability, and has a medium score in asset and growth. This means that the company is able to provide consistent dividends to its shareholders, has a strong profitability margin, and has a good balance between its assets and growth potential. In conclusion, NEWMARKET CORPORATION is a company that stands out in its industry as a ‘gorilla’ with a strong competitive advantage. Its high health score and strong performance in key areas make it an attractive choice for investors who are looking for a stable and profitable investment opportunity. With NEWMARKET CORPORATION, I am confident that my investment would be in good hands. More…
Peers
NewMarket Corporation is an American petroleum company that operates in the United States, Canada, and the United Kingdom. The company is engaged in the refining, marketing, and distribution of petroleum products and services. NewMarket Corporation’s competitors include Savita Oil Technologies Ltd, Innospec Inc, and Green Star Products Inc.
– Savita Oil Technologies Ltd ($BSE:524667)
Savita Oil Technologies Ltd is an Indian company that refines and markets petroleum products. The company has a market cap of 20.74B as of 2022 and a return on equity of 18.27%. Savita Oil Technologies Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company was founded in 1995 and is headquartered in Mumbai, India.
– Innospec Inc ($NASDAQ:IOSP)
Innospec Inc is a publicly traded company with a market capitalization of $2.42 billion as of 2022. The company’s return on equity was 9.11% for the same year. Innospec Inc is engaged in the manufacture and sale of specialty chemicals. The company’s products are used in a variety of applications, including fuel additives, oilfield chemicals, and personal care products.
Summary
International Assets Investment Management LLC significantly increased its stake in NewMarket Corporation during the third quarter, showing a substantial vote of confidence in the company. This move suggests that the investment firm believes NewMarket has strong potential for growth and profitability. While the specific reasons behind this investment decision are unknown, it is likely that International Assets Investment Management LLC conducted a thorough analysis of NewMarket’s financials and market trends before making such a significant move.
This analysis may have revealed positive indicators such as increasing revenue and profitability, a strong product portfolio, or a favorable outlook for the industry. Overall, this investment signals a positive outlook for NewMarket and could attract attention from other investors.
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