State Treasurer State of Michigan Sells 200 Shares of NewMarket Co. (NEU)

State Treasurer State of Michigan decreased its holdings in NewMarket Co. (NYSE:NEU) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,300 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. State Treasurer State of Michigan’s holdings in NewMarket were worth $1,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of NewMarket by 3.4% in the second quarter. State Street Corp now owns 235,782 shares of the specialty chemicals company’s stock valued at $108,568,000 after purchasing an additional 7,795 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of NewMarket by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 112,813 shares of the specialty chemicals company’s stock valued at $48,030,000 after purchasing an additional 2,528 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of NewMarket by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 69,171 shares of the specialty chemicals company’s stock valued at $29,449,000 after purchasing an additional 316 shares during the period. Copeland Capital Management LLC boosted its stake in shares of NewMarket by 7.6% in the fourth quarter. Copeland Capital Management LLC now owns 52,421 shares of the specialty chemicals company’s stock valued at $20,832,000 after purchasing an additional 3,701 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of NewMarket by 695.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 50,456 shares of the specialty chemicals company’s stock valued at $21,481,000 after purchasing an additional 44,116 shares during the period. 58.41% of the stock is owned by institutional investors and hedge funds.

NewMarket Co. (NYSE NEU) opened at $424.05 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.63 and a debt-to-equity ratio of 1.00. NewMarket Co. has a 12 month low of $373.59 and a 12 month high of $483.86. The company has a market cap of $4,994.35, a P/E ratio of 22.59 and a beta of 0.81.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $3.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.62 by ($0.57). NewMarket had a net margin of 8.67% and a return on equity of 37.86%. The business had revenue of $559.98 million during the quarter, compared to analysts’ expectations of $522.10 million. During the same period in the previous year, the business posted $3.86 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year.

Separately, TheStreet lowered shares of NewMarket from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th.

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NewMarket 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.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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