NewMarket Corporation (NEU) Stake Maintained by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky held its position in shares of NewMarket Corporation (NYSE:NEU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the specialty chemicals company’s stock at the close of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in NewMarket Corporation were worth $916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of NewMarket Corporation by 6.7% in the second quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock worth $110,000 after buying an additional 15 shares in the last quarter. US Bancorp DE lifted its stake in shares of NewMarket Corporation by 2.5% in the first quarter. US Bancorp DE now owns 245 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 6 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of NewMarket Corporation in the second quarter worth about $128,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NewMarket Corporation by 24.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416 shares of the specialty chemicals company’s stock worth $192,000 after buying an additional 81 shares in the last quarter. Finally, Waldron LP purchased a new position in shares of NewMarket Corporation in the first quarter worth about $225,000. 55.33% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of NewMarket Corporation (NEU) opened at 430.47 on Thursday. The company’s 50-day moving average is $423.69 and its 200 day moving average is $447.89. NewMarket Corporation has a 52-week low of $386.90 and a 52-week high of $483.86. The firm has a market capitalization of $5.10 billion, a PE ratio of 20.92 and a beta of 0.75.
NewMarket Corporation (NYSE:NEU) last released its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $5.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.73 by ($0.44). The firm had revenue of $547.20 million during the quarter, compared to analysts’ expectations of $570.10 million. NewMarket Corporation had a net margin of 11.57% and a return on equity of 46.94%. NewMarket Corporation’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $5.50 earnings per share. Equities analysts expect that NewMarket Corporation will post $20.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $1.75 dividend. The ex-dividend date was Thursday, September 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.63%. NewMarket Corporation’s dividend payout ratio (DPR) is 34.03%.
Separately, BidaskClub cut shares of NewMarket Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
NewMarket Corporation Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company operates through petroleum additives segment, which is primarily represented by Afton.
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