UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Enerflex Ltd. (NYSE:EFXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Enerflex Ltd. (NYSE:EFXT) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,512 shares of the company’s stock after selling 20,602 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Enerflex worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of EFXT. 1832 Asset Management L.P. boosted its holdings in Enerflex by 16.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after acquiring an additional 1,435,900 shares during the period. Mackenzie Financial Corp lifted its position in Enerflex by 57.9% in the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after purchasing an additional 1,606,236 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its stake in shares of Enerflex by 14.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock valued at $7,376,000 after purchasing an additional 152,990 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in shares of Enerflex by 3.0% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock worth $6,175,000 after purchasing an additional 29,830 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Enerflex by 16.3% in the 2nd quarter. Clearbridge Investments LLC now owns 567,366 shares of the company’s stock worth $3,064,000 after acquiring an additional 79,419 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enerflex Trading Down 0.4 %

EFXT opened at $9.37 on Friday. The business has a 50 day moving average of $8.10 and a 200-day moving average of $6.45. 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 market cap of $1.16 billion, a PE ratio of -14.87 and a beta of 2.21. Enerflex Ltd. has a 52 week low of $4.31 and a 52 week high of $9.87.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be paid a $0.0268 dividend. This represents a $0.11 annualized dividend and a dividend yield of 1.14%. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is presently -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.