Teacher Retirement System of Texas Increases Holdings in NewMarket Corporation (NYSE:NEU)

Teacher Retirement System of Texas increased its stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 9.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,610 shares of the specialty chemicals company's stock after purchasing an additional 722 shares during the period. Teacher Retirement System of Texas owned 0.09% of NewMarket worth $4,877,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in shares of NewMarket by 481.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 157 shares of the specialty chemicals company's stock valued at $83,000 after purchasing an additional 130 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of NewMarket by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 82,347 shares of the specialty chemicals company's stock valued at $43,508,000 after purchasing an additional 3,601 shares during the last quarter. Assetmark Inc. increased its position in shares of NewMarket by 0.6% during the 4th quarter. Assetmark Inc. now owns 3,118 shares of the specialty chemicals company's stock valued at $1,647,000 after purchasing an additional 20 shares during the last quarter. Atria Investments Inc increased its position in shares of NewMarket by 1.6% during the 4th quarter. Atria Investments Inc now owns 1,302 shares of the specialty chemicals company's stock valued at $688,000 after purchasing an additional 20 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in NewMarket during the 4th quarter valued at about $8,933,000. 61.09% of the stock is currently owned by institutional investors.

NewMarket Trading Up 0.3%

NEU stock traded up $2.35 during trading on Wednesday, hitting $736.50. 1,056 shares of the company traded hands, compared to its average volume of 52,507. The firm has a market capitalization of $6.95 billion, a PE ratio of 14.65 and a beta of 0.42. NewMarket Corporation has a 1 year low of $480.00 and a 1 year high of $742.44. The company has a 50-day moving average of $656.18 and a 200-day moving average of $577.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.84.

NewMarket (NYSE:NEU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The specialty chemicals company reported $13.26 earnings per share for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The company had revenue of $700.95 million during the quarter.

NewMarket Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th were issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, June 16th. NewMarket's dividend payout ratio (DPR) is currently 21.89%.

Insiders Place Their Bets

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total value of $199,795.73. Following the completion of the transaction, the chief accounting officer owned 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 19.10% of the company's stock.

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.