Texas Permanent School Fund decreased its position in shares of NewMarket Co. (NYSE:NEU) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 6,250 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Texas Permanent School Fund’s holdings in NewMarket were worth $2,484,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NEU. Alliancebernstein L.P. increased its position in NewMarket by 1.8% during the second quarter. Alliancebernstein L.P. now owns 5,514 shares of the specialty chemicals company’s stock valued at $2,539,000 after acquiring an additional 100 shares during the last quarter. Thrivent Financial For Lutherans increased its position in NewMarket by 6.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the specialty chemicals company’s stock valued at $856,000 after acquiring an additional 110 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in NewMarket by 15.2% during the second quarter. UBS Asset Management Americas Inc. now owns 6,814 shares of the specialty chemicals company’s stock valued at $3,138,000 after acquiring an additional 901 shares during the last quarter. Advisor Group Inc. increased its position in NewMarket by 6.7% during the second quarter. Advisor Group Inc. now owns 238 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 15 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in NewMarket during the second quarter valued at $297,000. Institutional investors and hedge funds own 58.64% of the company’s stock.

NewMarket Co. (NYSE:NEU) opened at $392.53 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.50 and a current ratio of 2.74. NewMarket Co. has a 1 year low of $377.27 and a 1 year high of $483.86. The firm has a market cap of $4,652.70, a price-to-earnings ratio of 20.05 and a beta of 0.81.

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About NewMarket

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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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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