Enerflex Ltd. (NYSE:EFXT) Stock Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,952 shares of the company’s stock after buying an additional 5,864 shares during the period. The Manufacturers Life Insurance Company owned 0.15% of Enerflex worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after purchasing an additional 15,200 shares during the period. West Tower Group LLC acquired a new position in shares of Enerflex in the 3rd quarter valued at $119,000. Net Worth Advisory Group bought a new stake in Enerflex in the third quarter valued at about $146,000. Fiera Capital Corp grew its stake in shares of Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after purchasing an additional 13,390 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enerflex by 24.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after buying an additional 6,325 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of EFXT stock opened at $9.64 on Thursday. Enerflex Ltd. has a 12 month low of $4.23 and a 12 month high of $9.82. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -15.30 and a beta of 2.20. 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 stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $6.24.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.0268 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a yield of 1.11%. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is -17.46%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on Enerflex from $9.00 to $12.00 and gave the company 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.