State of Wisconsin Investment Board Has $683,000 Stake in NewMarket Corporation (NEU)

State of Wisconsin Investment Board held its stake in shares of NewMarket Corporation (NYSE:NEU) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,483 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. State of Wisconsin Investment Board’s holdings in NewMarket Corporation were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Rhumbline Advisers lifted its holdings in NewMarket Corporation by 10.3% during the 2nd quarter. Rhumbline Advisers now owns 22,130 shares of the specialty chemicals company’s stock valued at $10,190,000 after purchasing an additional 2,067 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in NewMarket Corporation by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 758 shares of the specialty chemicals company’s stock valued at $349,000 after purchasing an additional 14 shares during the last quarter. First Trust Advisors LP lifted its holdings in NewMarket Corporation by 2.5% during the 2nd quarter. First Trust Advisors LP now owns 10,448 shares of the specialty chemicals company’s stock valued at $4,811,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System lifted its holdings in NewMarket Corporation by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 3,900 shares of the specialty chemicals company’s stock valued at $1,796,000 after purchasing an additional 100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in NewMarket Corporation by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 41,904 shares of the specialty chemicals company’s stock valued at $19,296,000 after purchasing an additional 2,878 shares during the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub downgraded NewMarket Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.

Shares of NewMarket Corporation (NYSE NEU) opened at 417.81 on Monday. The firm’s 50-day moving average price is $433.82 and its 200 day moving average price is $450.60. NewMarket Corporation has a one year low of $386.90 and a one year high of $483.86. The firm has a market cap of $4.95 billion, a P/E ratio of 20.31 and a beta of 0.75.

NewMarket Corporation (NYSE:NEU) last posted its quarterly earnings data on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.73 by $0.44. NewMarket Corporation had a return on equity of 46.94% and a net margin of 11.57%. The business had revenue of $547.20 million during the quarter, compared to analysts’ expectations of $570.10 million. During the same period in the prior year, the firm posted $5.50 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that NewMarket Corporation will post $20.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $1.75 dividend. The ex-dividend date is Thursday, September 14th. This represents a $7.00 annualized dividend and a yield of 1.68%. NewMarket Corporation’s dividend payout ratio is currently 34.03%.

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NewMarket Corporation Company Profile

NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.

Institutional Ownership by Quarter for NewMarket Corporation (NYSE:NEU)

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