Canada Pension Plan Investment Board Acquires New Position in Enerflex Ltd. (NYSE:EFXT)

Canada Pension Plan Investment Board bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 308,200 shares of the company’s stock, valued at approximately $3,064,000. Canada Pension Plan Investment Board owned about 0.25% of Enerflex at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after buying an additional 26,168 shares in the last quarter. Geode Capital Management LLC raised its stake in Enerflex by 11.2% during the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock worth $364,000 after acquiring an additional 6,158 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Enerflex in the third quarter worth about $65,000. JPMorgan Chase & Co. boosted its stake in shares of Enerflex by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company’s stock valued at $463,000 after purchasing an additional 27,878 shares in the last quarter. Finally, Canoe Financial LP grew its holdings in shares of Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock valued at $82,342,000 after purchasing an additional 768,210 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Up 0.5 %

Shares of EFXT stock opened at $6.47 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $802.63 million, a P/E ratio of -10.26 and a beta of 1.95. Enerflex Ltd. has a twelve month low of $4.60 and a twelve month high of $10.61. The stock’s fifty day simple moving average is $7.52 and its 200 day simple moving average is $8.33.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, March 10th. Enerflex’s dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada dropped their price objective on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th.

Enerflex Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.