Invesco Ltd. Sells 3,465 Shares of Enerflex Ltd. (NYSE:EFXT)

Invesco Ltd. lowered its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,602 shares of the company’s stock after selling 3,465 shares during the quarter. Invesco Ltd.’s holdings in Enerflex were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of EFXT. Barclays PLC grew its stake in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after buying an additional 26,168 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Enerflex by 55.9% in the third 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 during the last quarter. Canoe Financial LP increased its stake in shares of Enerflex by 10.2% in the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock worth $82,342,000 after purchasing an additional 768,210 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enerflex during the 4th quarter worth about $43,935,000. Finally, Geode Capital Management LLC boosted its stake in Enerflex by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock valued at $364,000 after purchasing an additional 6,158 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Enerflex Trading Up 1.0 %

NYSE:EFXT opened at $6.76 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The firm has a market capitalization of $839.25 million, a price-to-earnings ratio of -10.73 and a beta of 1.95. The business’s 50-day moving average price is $7.13 and its two-hundred day moving average price is $8.34.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.026 per share. The ex-dividend date was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.54%. Enerflex’s dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

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

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.