California State Teachers Retirement System decreased its holdings in shares of NewMarket Co. (NYSE:NEU) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 11,947 shares of the specialty chemicals company’s stock after selling 265 shares during the period. California State Teachers Retirement System’s holdings in NewMarket were worth $5,180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NEU. Dimensional Fund Advisors LP lifted its holdings in shares of NewMarket by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 95,846 shares of the specialty chemicals company’s stock worth $39,495,000 after acquiring an additional 4,644 shares during the period. Amalgamated Bank grew its position in shares of NewMarket by 54.9% during the 4th quarter. Amalgamated Bank now owns 1,843 shares of the specialty chemicals company’s stock worth $759,000 after buying an additional 653 shares during the period. Great West Life Assurance Co. Can grew its holdings in NewMarket by 28.2% during the first quarter. Great West Life Assurance Co. Can now owns 7,004 shares of the specialty chemicals company’s stock valued at $3,032,000 after purchasing an additional 1,539 shares during the period. Commonwealth Equity Services LLC grew its holdings in NewMarket by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $735,000 after purchasing an additional 66 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in NewMarket in the first quarter valued at approximately $834,000. Institutional investors own 55.34% of the company’s stock.

NEU stock opened at $405.75 on Thursday. The stock has a market capitalization of $4.51 billion, a PE ratio of 19.95 and a beta of 0.51. NewMarket Co. has a 12 month low of $352.89 and a 12 month high of $452.54. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.29 and a quick ratio of 1.77.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $5.57 EPS for the quarter, missing the consensus estimate of $5.81 by ($0.24). NewMarket had a return on equity of 44.09% and a net margin of 10.57%. The company had revenue of $536.62 million for the quarter. As a group, analysts anticipate that NewMarket Co. will post 21.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, June 14th. NewMarket’s dividend payout ratio is currently 34.41%.

Separately, Buckingham Research started coverage on shares of NewMarket in a research report on Monday, April 1st. They set an “underperform” rating and a $380.00 price target on the stock.

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About NewMarket

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. 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, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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