NewMarket Co. (NEU) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of NewMarket Co. (NYSE:NEU) by 28.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,000 shares of the specialty chemicals company’s stock after acquiring an additional 4,600 shares during the period. New York State Common Retirement Fund owned about 0.18% of NewMarket worth $8,941,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in NewMarket in the second quarter worth approximately $309,000. First Quadrant L P CA bought a new position in NewMarket in the third quarter worth approximately $2,070,000. Shell Asset Management Co. bought a new position in NewMarket in the third quarter worth approximately $4,578,000. Legal & General Group Plc raised its stake in NewMarket by 24.0% in the second quarter. Legal & General Group Plc now owns 10,354 shares of the specialty chemicals company’s stock worth $4,766,000 after buying an additional 2,002 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in NewMarket by 95.1% in the second quarter. SG Americas Securities LLC now owns 3,771 shares of the specialty chemicals company’s stock worth $1,736,000 after buying an additional 1,838 shares in the last quarter. 58.62% of the stock is owned by hedge funds and other institutional investors.

NewMarket Co. (NEU) opened at $393.44 on Friday. The company has a market cap of $4,704.26, a P/E ratio of 20.27 and a beta of 0.80. NewMarket Co. has a 12 month low of $377.27 and a 12 month high of $483.86. The company has a quick ratio of 1.50, a current ratio of 2.74 and a debt-to-equity ratio of 0.97.

NewMarket (NYSE:NEU) last issued its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $5.04 EPS for the quarter, missing analysts’ consensus estimates of $5.70 by ($0.66). The business had revenue of $584.41 million during the quarter, compared to the consensus estimate of $546.40 million. NewMarket had a return on equity of 41.70% and a net margin of 10.85%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $6.00 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, December 14th. NewMarket’s dividend payout ratio (DPR) is 35.75%.

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NewMarket 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 (NYSE:NEU)

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