Leeward Investments LLC MA Sells 379,552 Shares of ChampionX Corporation (NASDAQ:CHX)

Leeward Investments LLC MA decreased its holdings in shares of ChampionX Corporation (NASDAQ:CHX - Free Report) by 36.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 674,229 shares of the company's stock after selling 379,552 shares during the period. ChampionX accounts for 1.1% of Leeward Investments LLC MA's portfolio, making the stock its 21st largest position. Leeward Investments LLC MA owned approximately 0.35% of ChampionX worth $20,092,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in ChampionX by 123.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after purchasing an additional 136,132 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of ChampionX during the fourth quarter valued at approximately $472,000. State of Alaska Department of Revenue increased its position in shares of ChampionX by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 22,323 shares of the company's stock valued at $665,000 after acquiring an additional 600 shares in the last quarter. Yakira Capital Management Inc. increased its holdings in shares of ChampionX by 29.9% in the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock worth $5,935,000 after purchasing an additional 50,300 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in ChampionX in the 4th quarter worth approximately $12,080,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of CHX traded down $0.04 during mid-day trading on Monday, reaching $26.10. The stock had a trading volume of 141,907 shares, compared to its average volume of 2,807,264. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 5.11 and a beta of 1.49. ChampionX Corporation has a 12 month low of $21.92 and a 12 month high of $35.94. The business has a fifty day moving average of $25.23 and a 200 day moving average of $27.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.62 and a current ratio of 2.25.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The company had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. ChampionX had a net margin of 8.20% and a return on equity of 19.25%. ChampionX's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities analysts predict that ChampionX Corporation will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.095 per share. The ex-dividend date is Thursday, July 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.46%. ChampionX's dividend payout ratio is currently 25.17%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their target price on shares of ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, May 5th.

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.