3,489 Shares in NewMarket Corporation $NEU Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in NewMarket Corporation (NYSE:NEU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,489 shares of the specialty chemicals company’s stock, valued at approximately $2,890,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 39 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of NewMarket by 1,442.4% in the first quarter. NewEdge Advisors LLC now owns 509 shares of the specialty chemicals company’s stock valued at $288,000 after acquiring an additional 476 shares in the last quarter. United Services Automobile Association acquired a new stake in NewMarket in the 1st quarter worth about $266,000. Empowered Funds LLC grew its position in shares of NewMarket by 4.8% during the 1st quarter. Empowered Funds LLC now owns 1,562 shares of the specialty chemicals company’s stock worth $885,000 after purchasing an additional 72 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NewMarket by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,268 shares of the specialty chemicals company’s stock worth $12,614,000 after purchasing an additional 1,995 shares during the period. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Stock Performance

NYSE NEU opened at $592.39 on Monday. The firm’s 50 day simple moving average is $696.02 and its 200 day simple moving average is $753.68. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 13.34 and a beta of 0.48. The company has a current ratio of 2.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. NewMarket Corporation has a 1 year low of $510.07 and a 1 year high of $875.97.

NewMarket (NYSE:NEU) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $8.65 earnings per share for the quarter. NewMarket had a return on equity of 25.38% and a net margin of 15.37%.The firm had revenue of $635.40 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered NewMarket from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

NewMarket Company 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.