Blue Trust Inc. Has $44,000 Stock Holdings in ChampionX Co. (NASDAQ:CHX)

Blue Trust Inc. boosted its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 442.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,329 shares of the company’s stock after buying an additional 1,084 shares during the period. Blue Trust Inc.’s holdings in ChampionX were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in ChampionX during the first quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in ChampionX during the second quarter worth about $68,000. UMB Bank n.a. increased its holdings in 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 buying an additional 882 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in ChampionX during the first quarter worth about $136,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in ChampionX during the second quarter worth about $194,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Down 1.0 %

Shares of ChampionX stock opened at $27.95 on Friday. ChampionX Co. has a 1 year low of $25.46 and a 1 year high of $39.95. The firm has a market cap of $5.32 billion, a PE ratio of 17.36 and a beta of 2.37. 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 company has a 50 day simple moving average of $30.21 and a two-hundred day simple moving average of $32.01.

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

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were issued a $0.095 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.38 annualized dividend and a yield of 1.36%. ChampionX’s dividend payout ratio (DPR) is presently 23.60%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price on shares of ChampionX from $40.00 to $33.00 and set a “neutral” rating for the company in a research 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.