New York State Teachers Retirement System Lowers Holdings in NewMarket Co. (NYSE:NEU)

New York State Teachers Retirement System decreased its holdings in NewMarket Co. (NYSE:NEU) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,793 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of NewMarket worth $4,646,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in NewMarket by 590.9% during the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 65 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in NewMarket in the fourth quarter valued at approximately $40,000. CENTRAL TRUST Co lifted its holdings in shares of NewMarket by 36.9% during the 3rd quarter. CENTRAL TRUST Co now owns 219 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 59 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of NewMarket in the fourth quarter worth about $159,000. Finally, KBC Group NV grew its position in NewMarket by 82.4% in the fourth quarter. KBC Group NV now owns 321 shares of the specialty chemicals company’s stock valued at $170,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 0.6 %

NEU stock opened at $547.85 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.75 and a quick ratio of 1.40. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $650.00. The firm has a fifty day moving average price of $515.56 and a two-hundred day moving average price of $534.17. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 11.36 and a beta of 0.48.

NewMarket (NYSE:NEU) last issued 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%.

Analysts Set New Price Targets

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

NewMarket 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.