Teacher Retirement System of Texas Acquires 722 Shares of NewMarket Corporation (NYSE:NEU)

Teacher Retirement System of Texas boosted its stake in shares of NewMarket Corporation (NYSE:NEU - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,610 shares of the specialty chemicals company's stock after purchasing an additional 722 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of NewMarket worth $4,877,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in NewMarket by 557.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 39 shares during the period. Bessemer Group Inc. boosted its position in NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 30 shares during the period. Private Trust Co. NA boosted its position in NewMarket by 185.2% during the first quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 50 shares during the period. Whipplewood Advisors LLC boosted its position in shares of NewMarket by 7,700.0% in the first quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 77 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of NewMarket by 39.2% in the first quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock valued at $58,000 after acquiring an additional 29 shares during the period. Institutional investors own 61.09% of the company's stock.

NewMarket Stock Performance

Shares of NEU traded down $6.82 during mid-day trading on Friday, hitting $727.76. The company's stock had a trading volume of 52,601 shares, compared to its average volume of 53,120. NewMarket Corporation has a one year low of $480.00 and a one year high of $743.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.84. The firm has a market capitalization of $6.86 billion, a PE ratio of 14.49 and a beta of 0.42. The stock's 50-day moving average is $662.79 and its two-hundred day moving average is $581.17.

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

NewMarket Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 16th were paid a $2.75 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 1.51%. NewMarket's payout ratio is 21.89%.

Insider Activity at NewMarket

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the sale, the chief accounting officer directly owned 358 shares of the company's stock, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.10% of the company's stock.

NewMarket Profile

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.