Yousif Capital Management LLC Sells 91 Shares of NewMarket Co. (NYSE:NEU)

Yousif Capital Management LLC reduced its position in shares of NewMarket Co. (NYSE:NEU) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,682 shares of the specialty chemicals company’s stock after selling 91 shares during the quarter. Yousif Capital Management LLC’s holdings in NewMarket were worth $1,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEU. International Assets Investment Management LLC boosted its position in shares of NewMarket by 55,089.7% during the 3rd quarter. International Assets Investment Management LLC now owns 21,524 shares of the specialty chemicals company’s stock valued at $11,879,000 after acquiring an additional 21,485 shares during the last quarter. DAVENPORT & Co LLC lifted its position in NewMarket by 29.2% in the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock worth $35,545,000 after buying an additional 15,129 shares during the last quarter. State Street Corp lifted its position in NewMarket by 4.1% in the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after buying an additional 8,979 shares during the last quarter. CX Institutional bought a new stake in NewMarket in the third quarter worth $4,328,000. Finally, Charles Schwab Investment Management Inc. lifted its position in NewMarket by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,746 shares of the specialty chemicals company’s stock worth $43,459,000 after buying an additional 7,719 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 1.1 %

Shares of NEU opened at $539.79 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $514.74 and a 200 day moving average of $534.48. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $650.00. The company has a market cap of $5.18 billion, a PE ratio of 11.20 and a beta of 0.48.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded NewMarket from a “strong-buy” rating to a “buy” rating in a research report on Monday.

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.