Barclays PLC Buys 26,168 Shares of Enerflex Ltd. (NYSE:EFXT)

Barclays PLC raised its position in shares of Enerflex Ltd. (NYSE:EFXT) by 2,616,800.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,169 shares of the company’s stock after acquiring an additional 26,168 shares during the period. Barclays PLC’s holdings in Enerflex were worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Enerflex in the 2nd quarter worth $609,000. Marshall Wace LLP boosted its holdings in Enerflex by 183.4% in the second quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock worth $1,180,000 after acquiring an additional 141,393 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Enerflex by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock worth $965,000 after purchasing an additional 7,700 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Enerflex by 57.9% during the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after buying an additional 1,606,236 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in Enerflex during the 2nd quarter valued at about $262,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 0.7 %

Enerflex stock opened at $10.40 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $1.29 billion, a P/E ratio of -16.50 and a beta of 2.04. The stock’s fifty day simple moving average is $9.64 and its 200-day simple moving average is $7.27. Enerflex Ltd. has a twelve month low of $4.59 and a twelve month high of $10.61.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, November 26th were given a $0.0268 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 1.03%. Enerflex’s payout ratio is -17.46%.

Analyst Ratings Changes

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

About Enerflex

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.