Boston Partners Increases Stake in ChampionX Co. (NASDAQ:CHX)

Boston Partners boosted its stake in shares of ChampionX Co. (NASDAQ:CHX) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,216,169 shares of the company’s stock after acquiring an additional 214,066 shares during the quarter. Boston Partners owned 0.64% of ChampionX worth $33,603,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock valued at $71,764,000 after acquiring an additional 9,056 shares in the last quarter. Silphium Asset Management Ltd raised its position in ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock valued at $9,955,000 after acquiring an additional 171,531 shares in the last quarter. State Street Corp raised its position in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after acquiring an additional 122,622 shares in the last quarter. Barclays PLC raised its position in ChampionX by 147.2% during the third quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after acquiring an additional 212,654 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ChampionX by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after buying an additional 63,119 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

ChampionX stock opened at $29.49 on Thursday. The stock has a market capitalization of $5.63 billion, a PE ratio of 17.87 and a beta of 2.28. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The business has a 50 day simple moving average of $29.26 and a 200-day simple moving average of $29.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating 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 declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, April 4th. ChampionX’s payout ratio is 23.03%.

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.