NewMarket Co. (NYSE:NEU) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in NewMarket Co. (NYSE:NEU) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,494 shares of the specialty chemicals company’s stock after selling 11,100 shares during the period. New York State Common Retirement Fund owned approximately 0.31% of NewMarket worth $15,583,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC lifted its position in NewMarket by 19.4% in 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 during the period. Barclays PLC lifted its holdings in shares of 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 period. Janney Montgomery Scott LLC acquired a new position in NewMarket during the fourth quarter worth $252,000. Van ECK Associates Corp raised its position in NewMarket by 40.0% in the third quarter. Van ECK Associates Corp now owns 5,119 shares of the specialty chemicals company’s stock worth $2,655,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in NewMarket by 61.3% in the fourth quarter. Empowered Funds LLC now owns 1,490 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 566 shares during the period. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Price Performance

Shares of NYSE:NEU opened at $547.59 on Monday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.36 and a beta of 0.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. The business’s 50 day simple moving average is $515.68 and its 200-day simple moving average is $534.17. NewMarket Co. has a 12 month low of $480.00 and a 12 month high of $650.00.

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

Analyst Ratings Changes

Separately, StockNews.com cut shares of NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.