Fiera Capital Corp Has $33.40 Million Holdings in ChampionX Co. (NASDAQ:CHX)

Fiera Capital Corp trimmed its position in shares of ChampionX Co. (NASDAQ:CHX) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,228,415 shares of the company’s stock after selling 30,440 shares during the quarter. Fiera Capital Corp owned 0.64% of ChampionX worth $33,401,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Calamos Advisors LLC raised its stake in shares of ChampionX by 470.4% in the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock worth $40,635,000 after purchasing an additional 1,232,500 shares during the last quarter. Westchester Capital Management LLC raised its position in ChampionX by 67.8% in the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock valued at $85,268,000 after buying an additional 1,142,628 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in ChampionX during the 3rd quarter valued at $15,075,000. Alpine Associates Management Inc. boosted its holdings in ChampionX by 103.9% during the 3rd quarter. Alpine Associates Management Inc. now owns 723,516 shares of the company’s stock worth $21,814,000 after acquiring an additional 368,616 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after acquiring an additional 212,654 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

ChampionX Price Performance

CHX stock opened at $29.74 on Friday. The firm has a 50 day moving average of $28.41 and a 200-day moving average of $29.87. The firm has a market capitalization of $5.67 billion, a P/E ratio of 18.02 and a beta of 2.35. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (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%. As a group, sell-side analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were issued 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 of this dividend was Friday, January 3rd. 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.