Oregon Public Employees Retirement Fund Trims Holdings in NewMarket Co. (NEU)

Oregon Public Employees Retirement Fund lessened its position in NewMarket Co. (NYSE:NEU) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,533 shares of the specialty chemicals company’s stock after selling 105 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NewMarket were worth $1,456,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of NewMarket by 30.7% during the third quarter. Janus Henderson Group PLC now owns 369,556 shares of the specialty chemicals company’s stock valued at $149,859,000 after buying an additional 86,858 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NewMarket by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 91,202 shares of the specialty chemicals company’s stock valued at $36,983,000 after buying an additional 5,408 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of NewMarket by 154.9% during the fourth quarter. WINTON GROUP Ltd now owns 69,098 shares of the specialty chemicals company’s stock valued at $28,475,000 after buying an additional 41,988 shares during the last quarter. Eaton Vance Management boosted its position in shares of NewMarket by 0.9% during the third quarter. Eaton Vance Management now owns 39,550 shares of the specialty chemicals company’s stock valued at $16,038,000 after buying an additional 346 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of NewMarket by 32.3% during the fourth quarter. Rhumbline Advisers now owns 26,729 shares of the specialty chemicals company’s stock valued at $11,015,000 after buying an additional 6,528 shares during the last quarter. 68.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:NEU traded down $3.64 during mid-day trading on Monday, hitting $429.83. 202 shares of the company traded hands, compared to its average volume of 39,771. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 21.28 and a beta of 0.52. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 1.57. NewMarket Co. has a 12-month low of $352.89 and a 12-month high of $437.63.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, February 6th. The specialty chemicals company reported $5.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.66 by $0.92. The company had revenue of $538.31 million for the quarter. NewMarket had a return on equity of 41.52% and a net margin of 10.25%.

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NewMarket Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for NewMarket (NYSE:NEU)

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