Public Employees Retirement Association of Colorado Sells 336 Shares of NewMarket Corporation (NEU)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of NewMarket Corporation (NYSE:NEU) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,572 shares of the specialty chemicals company’s stock after selling 336 shares during the period. Public Employees Retirement Association of Colorado’s holdings in NewMarket Corporation were worth $669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEU. YorkBridge Wealth Partners LLC grew its stake in NewMarket Corporation by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 286 shares of the specialty chemicals company’s stock worth $131,000 after acquiring an additional 4 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in NewMarket Corporation by 1.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the specialty chemicals company’s stock worth $281,000 after acquiring an additional 6 shares during the period. Bank of Montreal Can grew its stake in NewMarket Corporation by 0.9% in the 2nd quarter. Bank of Montreal Can now owns 1,123 shares of the specialty chemicals company’s stock worth $518,000 after acquiring an additional 10 shares during the period. World Asset Management Inc grew its stake in NewMarket Corporation by 2.0% in the 2nd quarter. World Asset Management Inc now owns 619 shares of the specialty chemicals company’s stock worth $285,000 after acquiring an additional 12 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in NewMarket Corporation by 1.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 758 shares of the specialty chemicals company’s stock worth $349,000 after acquiring an additional 14 shares during the period. 55.86% of the stock is owned by institutional investors and hedge funds.

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Separately, BidaskClub cut shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.

Shares of NewMarket Corporation (NYSE:NEU) opened at $395.08 on Tuesday. The company has a market cap of $4,681.98, a P/E ratio of 20.17 and a beta of 0.81. 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 Corporation has a 12 month low of $382.04 and a 12 month high of $483.86.

NewMarket Corporation (NYSE:NEU) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $5.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.70 by ($0.66). The firm had revenue of $584.41 million during the quarter, compared to analysts’ expectations of $546.40 million. NewMarket Corporation had a return on equity of 41.70% and a net margin of 10.85%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.00 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $1.75 dividend. The ex-dividend date is Thursday, December 14th. This represents a $7.00 annualized dividend and a yield of 1.77%. NewMarket Corporation’s payout ratio is currently 35.75%.

About NewMarket Corporation

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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