Rhumbline Advisers Has $12.77 Million Stake in NewMarket Co. (NYSE:NEU)

Rhumbline Advisers grew its holdings in shares of NewMarket Co. (NYSE:NEU) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,161 shares of the specialty chemicals company’s stock after acquiring an additional 153 shares during the quarter. Rhumbline Advisers owned 0.25% of NewMarket worth $12,765,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its stake in NewMarket by 4.1% during the third quarter. State Street Corp now owns 229,372 shares of the specialty chemicals company’s stock worth $127,132,000 after acquiring an additional 8,979 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of NewMarket by 1.3% during the fourth quarter. Pacer Advisors Inc. now owns 198,065 shares of the specialty chemicals company’s stock worth $104,648,000 after purchasing an additional 2,493 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NewMarket by 10.9% during 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 purchasing an additional 7,719 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of NewMarket by 29.2% during the fourth quarter. DAVENPORT & Co LLC now owns 66,879 shares of the specialty chemicals company’s stock worth $35,545,000 after purchasing an additional 15,129 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of NewMarket by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 50,585 shares of the specialty chemicals company’s stock worth $27,917,000 after purchasing an additional 722 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

NewMarket Stock Performance

NYSE:NEU opened at $547.59 on Friday. The stock has a market cap of $5.21 billion, a P/E ratio of 11.36 and a beta of 0.48. The company has a current ratio of 2.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average is $515.68 and its 200-day moving average is $534.21. NewMarket Co. has a 1-year low of $480.00 and a 1-year high of $650.00.

NewMarket (NYSE:NEU) last released its quarterly 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%.

About NewMarket

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.