California State Teachers Retirement System Raises Position in NewMarket Co. (NYSE:NEU)

California State Teachers Retirement System boosted its stake in NewMarket Co. (NYSE:NEU) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,524 shares of the specialty chemicals company’s stock after buying an additional 749 shares during the period. California State Teachers Retirement System’s holdings in NewMarket were worth $3,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEU. Wealth Enhancement Advisory Services LLC grew its stake in shares of NewMarket by 33.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 495 shares of the specialty chemicals company’s stock worth $262,000 after buying an additional 123 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in NewMarket by 11.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 8,318 shares of the specialty chemicals company’s stock valued at $4,395,000 after buying an additional 853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NewMarket by 12.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,273 shares of the specialty chemicals company’s stock valued at $10,711,000 after buying an additional 2,165 shares in the last quarter. WBI Investments LLC bought a new position in NewMarket during the 4th quarter valued at approximately $375,000. Finally, Squarepoint Ops LLC increased its position in NewMarket by 126.9% during the 4th quarter. Squarepoint Ops LLC now owns 3,769 shares of the specialty chemicals company’s stock valued at $1,991,000 after buying an additional 2,108 shares in the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the sale, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.10% of the company’s stock.

NewMarket Stock Down 0.5%

NEU stock opened at $640.27 on Wednesday. NewMarket Co. has a twelve month low of $480.00 and a twelve month high of $653.71. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.04 billion, a PE ratio of 13.28 and a beta of 0.41. The business has a 50 day moving average of $599.88 and a 200 day moving average of $553.52.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share for the quarter. NewMarket had a return on equity of 35.48% and a net margin of 16.59%. The company had revenue of $700.95 million during the quarter.

NewMarket Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Monday, June 16th. NewMarket’s payout ratio is 21.89%.

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.