Iridian Asset Management LLC CT Has $3.39 Million Stock Holdings in ChampionX Co. (NASDAQ:CHX)

Iridian Asset Management LLC CT lowered its position in ChampionX Co. (NASDAQ:CHX) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,811 shares of the company’s stock after selling 3,132 shares during the quarter. Iridian Asset Management LLC CT’s holdings in ChampionX were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in ChampionX during the 2nd quarter worth $650,000. UMB Bank n.a. raised its position in shares of ChampionX by 63.7% during the third quarter. UMB Bank n.a. now owns 2,266 shares of the company’s stock worth $68,000 after acquiring an additional 882 shares during the last quarter. Creative Planning lifted its stake in shares of ChampionX by 2.1% in the third quarter. Creative Planning now owns 146,507 shares of the company’s stock worth $4,417,000 after acquiring an additional 3,025 shares during the period. Kapitalo Investimentos Ltda bought a new stake in ChampionX in the third quarter valued at approximately $2,070,000. Finally, Blue Trust Inc. increased its position in ChampionX by 442.4% during the 3rd quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock valued at $44,000 after purchasing an additional 1,084 shares during the period. Institutional investors own 98.99% of the company’s stock.

ChampionX Stock Performance

CHX stock opened at $28.55 on Friday. The firm has a market cap of $5.44 billion, a PE ratio of 17.73 and a beta of 2.35. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $28.53 and a 200-day moving average price of $30.05. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

ChampionX (NASDAQ:CHX) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.74% and a net margin of 8.59%. As a group, equities research analysts expect that ChampionX Co. will post 1.71 earnings per share for the current year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.33%. ChampionX’s payout ratio is presently 23.60%.

Analysts Set New Price Targets

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

About ChampionX

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.