Water Island Capital LLC Sells 21,857 Shares of ChampionX Co. (NASDAQ:CHX)

Water Island Capital LLC lessened its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,116,624 shares of the company’s stock after selling 21,857 shares during the quarter. ChampionX makes up 3.3% of Water Island Capital LLC’s portfolio, making the stock its 12th largest holding. Water Island Capital LLC’s holdings in ChampionX were worth $30,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CHX. Arizona State Retirement System lifted its position in shares of ChampionX by 0.8% in the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock valued at $1,503,000 after acquiring an additional 436 shares in the last quarter. Pacer Advisors Inc. boosted its stake in ChampionX by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock worth $772,000 after buying an additional 532 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the period. HighTower Advisors LLC grew its stake in shares of ChampionX by 4.3% during the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock valued at $405,000 after buying an additional 564 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in ChampionX by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock valued at $290,000 after acquiring an additional 594 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

ChampionX stock opened at $24.47 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 14.83 and a beta of 1.81. The firm has a 50-day moving average of $28.49 and a two-hundred day moving average of $29.15. ChampionX Co. has a 1 year low of $21.92 and a 1 year high of $39.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (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%. On average, research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s payout ratio is 23.03%.

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.