California State Teachers Retirement System Purchases 1,760 Shares of NewMarket Corporation $NEU

California State Teachers Retirement System boosted its position in shares of NewMarket Corporation (NYSE:NEU) by 23.6% in the first quarter, Holdings Channel reports. The firm owned 9,210 shares of the specialty chemicals company’s stock after purchasing an additional 1,760 shares during the period. California State Teachers Retirement System’s holdings in NewMarket were worth $5,903,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Strs Ohio raised its holdings in NewMarket by 12.7% in the first quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 17 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of NewMarket by 0.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,253 shares of the specialty chemicals company’s stock valued at $3,367,000 after buying an additional 17 shares in the last quarter. Kesler Norman & Wride LLC raised its stake in NewMarket by 1.6% during the 1st quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock worth $786,000 after buying an additional 19 shares during the period. Great Lakes Advisors LLC grew its stake in NewMarket by 5.5% in the fourth quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 19 shares during the period. Finally, Abel Hall LLC increased its holdings in shares of NewMarket by 6.3% in the fourth quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock worth $230,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Performance

Shares of NEU stock opened at $880.53 on Thursday. The company has a fifty day moving average price of $794.34 and a two-hundred day moving average price of $703.28. NewMarket Corporation has a one year low of $580.03 and a one year high of $900.87. The stock has a market cap of $8.10 billion, a P/E ratio of 18.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.23.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. The company had revenue of $747.09 million during the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.

Analyst Ratings Changes

NEU has been the topic of several research reports. Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded NewMarket from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

NewMarket Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.