ChampionX Co. (NASDAQ:CHX) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its position in shares of ChampionX Co. (NASDAQ:CHX) by 6.6% during the third quarter, Holdings Channel.com reports. The fund owned 9,625 shares of the company’s stock after acquiring an additional 594 shares during the quarter. Coldstream Capital Management Inc.’s holdings in ChampionX were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in ChampionX by 442.4% during the third quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock worth $44,000 after buying an additional 1,084 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of ChampionX in the second quarter valued at $68,000. UMB Bank n.a. lifted its position in shares of ChampionX by 63.7% during the 3rd quarter. UMB Bank n.a. now owns 2,266 shares of the company’s stock valued at $68,000 after acquiring an additional 882 shares during the last quarter. KBC Group NV boosted its stake in shares of ChampionX by 18.3% during the 3rd quarter. KBC Group NV now owns 5,827 shares of the company’s stock worth $176,000 after acquiring an additional 903 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of ChampionX in the 2nd quarter worth $194,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other ChampionX news, insider Deric D. Bryant sold 49,303 shares of ChampionX stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the completion of the sale, the insider now owns 337,409 shares of the company’s stock, valued at $10,142,514.54. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.38% of the company’s stock.

ChampionX Stock Down 2.2 %

CHX stock opened at $28.49 on Monday. 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 firm has a market capitalization of $5.43 billion, a P/E ratio of 17.70 and a beta of 2.38. ChampionX Co. has a 52-week low of $25.46 and a 52-week high of $39.95. The company’s 50 day simple moving average is $30.26 and its 200-day simple moving average is $31.16.

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

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 3rd will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, January 3rd. ChampionX’s dividend payout ratio is currently 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.