Boston Partners Purchases 214,066 Shares of ChampionX Co. (NASDAQ:CHX)

Boston Partners boosted its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,216,169 shares of the company's stock after purchasing an additional 214,066 shares during the quarter. Boston Partners owned about 0.64% of ChampionX worth $33,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after purchasing an additional 559 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after buying an additional 1,725 shares during the last quarter. R Squared Ltd bought a new stake in shares of ChampionX during the fourth quarter valued at approximately $103,000. Vestcor Inc raised its holdings in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after acquiring an additional 2,100 shares during the last quarter. Finally, KBC Group NV lifted its position in ChampionX by 18.3% in the 3rd 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. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Up 1.3 %

CHX traded up $0.39 during trading on Monday, hitting $29.93. 2,371,555 shares of the company's stock traded hands, compared to its average volume of 2,156,150. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The company's 50 day simple moving average is $29.34 and its two-hundred day simple moving average is $29.44. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 18.14 and a beta of 2.28.

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ChampionX (NASDAQ:CHX - Get Free Report) last released 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 return on equity of 19.84% and a net margin of 8.81%. Analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.27%. ChampionX's dividend payout ratio (DPR) 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.