Fiera Capital Corp Decreases Stake in ChampionX Co. (NASDAQ:CHX)

Fiera Capital Corp lessened its stake in shares of ChampionX Co. (NASDAQ:CHX) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,228,415 shares of the company’s stock after selling 30,440 shares during the quarter. Fiera Capital Corp’s holdings in ChampionX were worth $33,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHX. Blue Trust Inc. increased its holdings in ChampionX by 442.4% during the 3rd quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock valued at $44,000 after purchasing an additional 1,084 shares during the period. R Squared Ltd purchased a new position in shares of ChampionX during the fourth quarter valued at approximately $103,000. KBC Group NV raised its holdings in shares of ChampionX by 18.3% during the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after acquiring an additional 903 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in ChampionX in the third quarter worth $265,000. Finally, Coldstream Capital Management Inc. boosted its holdings in ChampionX by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock valued at $290,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Trading Up 2.0 %

NASDAQ CHX opened at $29.74 on Friday. The stock’s 50 day moving average is $28.41 and its 200 day moving average is $29.87. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.67 billion, a PE ratio of 18.02 and a beta of 2.35. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. Research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, January 3rd. ChampionX’s payout ratio is 23.03%.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

About ChampionX

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.