ChampionX Co. (NASDAQ:CHX) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,150 shares of the company’s stock after acquiring an additional 700 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in ChampionX were worth $412,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in ChampionX by 2.4% during the third quarter. Nisa Investment Advisors LLC now owns 21,126 shares of the company’s stock worth $637,000 after purchasing an additional 487 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of ChampionX by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock worth $772,000 after buying an additional 532 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of ChampionX by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock worth $405,000 after buying an additional 564 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in ChampionX by 6.6% in the 3rd 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 during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in ChampionX by 1.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 54,454 shares of the company’s stock valued at $1,642,000 after acquiring an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ChampionX Stock Performance

ChampionX stock opened at $29.69 on Friday. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 17.99 and a beta of 2.35. The stock has a fifty day moving average of $28.52 and a two-hundred day moving average of $29.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

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

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, April 4th. ChampionX’s payout ratio is 23.03%.

ChampionX Company 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.