Enerflex Ltd. (NYSE:EFXT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Enerflex Ltd. (NYSE:EFXT) by 81.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,179 shares of the company’s stock after selling 184,899 shares during the period. Jane Street Group LLC’s holdings in Enerflex were worth $257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Taconic Capital Advisors LP boosted its stake in shares of Enerflex by 35.6% during the 3rd quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock valued at $10,559,000 after buying an additional 465,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Enerflex by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock valued at $1,103,000 after buying an additional 5,864 shares during the period. West Tower Group LLC acquired a new stake in shares of Enerflex during the 3rd quarter valued at $119,000. Bank of Montreal Can boosted its stake in shares of Enerflex by 5.0% during the 3rd quarter. Bank of Montreal Can now owns 488,275 shares of the company’s stock valued at $2,895,000 after buying an additional 23,362 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Enerflex by 3.0% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock valued at $6,175,000 after buying an additional 29,830 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their target price on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

Enerflex Trading Down 5.0 %

Shares of EFXT stock opened at $9.79 on Friday. Enerflex Ltd. has a 12 month low of $4.34 and a 12 month high of $10.52. The company has a market cap of $1.21 billion, a PE ratio of -15.54 and a beta of 2.04. 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 business’s 50 day moving average is $9.15 and its two-hundred day moving average is $6.99.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be issued a $0.0268 dividend. This represents a $0.11 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is -17.46%.

Enerflex Company 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.