ChampionX Co. (NASDAQ:CHX) Holdings Boosted by Leeward Investments LLC MA

Leeward Investments LLC MA raised its holdings in ChampionX Co. (NASDAQ:CHX) by 19.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,067,589 shares of the company’s stock after purchasing an additional 171,097 shares during the quarter. ChampionX accounts for 1.5% of Leeward Investments LLC MA’s holdings, making the stock its 5th largest holding. Leeward Investments LLC MA owned 0.56% of ChampionX worth $32,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHX. Allspring Global Investments Holdings LLC purchased a new stake in ChampionX in the first quarter valued at $27,000. Norden Group LLC raised its holdings in shares of ChampionX by 41.5% in the 1st quarter. Norden Group LLC now owns 16,700 shares of the company’s stock valued at $599,000 after buying an additional 4,898 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of ChampionX in the 1st quarter valued at $136,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of ChampionX by 3.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 41,534 shares of the company’s stock valued at $1,491,000 after buying an additional 1,319 shares during the period. Finally, Heartland Advisors Inc. raised its holdings in shares of ChampionX by 661.9% in the 1st quarter. Heartland Advisors Inc. now owns 398,179 shares of the company’s stock valued at $14,291,000 after buying an additional 345,915 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their price objective on ChampionX from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 15th.

ChampionX Trading Up 9.3 %

CHX opened at $31.43 on Thursday. ChampionX Co. has a 12 month low of $25.46 and a 12 month high of $39.95. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 19.52 and a beta of 2.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.20. The business has a fifty day moving average price of $30.08 and a 200 day moving average price of $31.84.

ChampionX (NASDAQ:CHX) last released its earnings results on Wednesday, October 23rd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). ChampionX had a return on equity of 19.74% and a net margin of 8.59%. The company had revenue of $906.53 million for the quarter, compared to analyst estimates of $916.50 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts expect that ChampionX Co. will post 1.66 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were paid a dividend of $0.095 per share. The ex-dividend date was Friday, October 4th. This represents a $0.38 annualized dividend and a yield of 1.21%. ChampionX’s payout ratio is 23.60%.

ChampionX Profile

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.