ChampionX Co. (NASDAQ:CHX) is Leeward Investments LLC MA's 5th Largest Position

Leeward Investments LLC MA lifted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 19.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,067,589 shares of the company's stock after purchasing an additional 171,097 shares during the quarter. ChampionX comprises 1.5% of Leeward Investments LLC MA's investment portfolio, making the stock its 5th biggest holding. Leeward Investments LLC MA owned approximately 0.56% of ChampionX worth $32,188,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in shares of ChampionX by 106.8% during the third quarter. Harbor Capital Advisors Inc. now owns 126,958 shares of the company's stock valued at $3,828,000 after purchasing an additional 65,580 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in ChampionX by 0.9% in the third quarter. Iridian Asset Management LLC CT now owns 127,943 shares of the company's stock worth $3,857,000 after acquiring an additional 1,123 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in ChampionX by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 21,126 shares of the company's stock worth $637,000 after acquiring an additional 487 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in ChampionX by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 22,238 shares of the company's stock worth $670,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in ChampionX by 13.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,527 shares of the company's stock worth $649,000 after acquiring an additional 2,485 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

ChampionX Stock Performance

Shares of NASDAQ:CHX traded down $0.57 during midday trading on Thursday, reaching $30.86. 1,340,383 shares of the company's stock traded hands, compared to its average volume of 1,873,211. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 19.52 and a beta of 2.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.20 and a current ratio of 1.94. ChampionX Co. has a one year low of $25.46 and a one year high of $39.95. The stock has a 50 day moving average of $30.09 and a 200 day moving average of $31.84.

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

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 4th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, October 4th. ChampionX's dividend payout ratio (DPR) is presently 23.60%.

Insider Activity at ChampionX

In related news, insider Deric D. Bryant sold 49,303 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $10,142,514.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on ChampionX from $40.00 to $33.00 and set a "neutral" rating on the stock in a report on Monday, July 15th.

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.