Los Angeles Capital Management LLC Has $6.92 Million Holdings in NewMarket Co. (NYSE:NEU)

Los Angeles Capital Management LLC decreased its position in shares of NewMarket Co. (NYSE:NEU) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,088 shares of the specialty chemicals company’s stock after selling 7,529 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.14% of NewMarket worth $6,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of NewMarket by 19.4% during the third quarter. Natixis Advisors LLC now owns 17,254 shares of the specialty chemicals company’s stock valued at $9,522,000 after purchasing an additional 2,807 shares in the last quarter. Barclays PLC raised its holdings in NewMarket by 34.5% in the 3rd quarter. Barclays PLC now owns 4,813 shares of the specialty chemicals company’s stock valued at $2,656,000 after buying an additional 1,235 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in NewMarket during the 4th quarter worth approximately $252,000. Van ECK Associates Corp lifted its holdings in shares of NewMarket by 40.0% during the third quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after purchasing an additional 1,463 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of NewMarket by 61.3% in the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 566 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

Wall Street Analyst Weigh In

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

NewMarket Stock Up 0.1 %

NewMarket stock opened at $563.16 on Thursday. The firm has a 50 day moving average price of $516.30 and a two-hundred day moving average price of $534.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.75. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $650.00. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 11.68 and a beta of 0.48.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 EPS for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

NewMarket Company 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.