Bank of Montreal Can Boosts Stock Position in Enerflex Ltd. (NYSE:EFXT)

Bank of Montreal Can boosted its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 488,275 shares of the company’s stock after purchasing an additional 23,362 shares during the period. Bank of Montreal Can owned about 0.39% of Enerflex worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFXT. Mackenzie Financial Corp grew its holdings in shares of Enerflex by 57.9% during the 2nd quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock worth $23,631,000 after acquiring an additional 1,606,236 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Enerflex by 16.1% during the second quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after purchasing an additional 1,435,900 shares in the last quarter. PCJ Investment Counsel Ltd. grew its stake in Enerflex by 14.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock worth $7,376,000 after purchasing an additional 152,990 shares during the period. Marshall Wace LLP raised 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 purchasing an additional 141,393 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Enerflex during the third quarter valued at $730,000. Institutional investors own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enerflex Trading Up 0.1 %

Shares of EFXT stock opened at $9.23 on Thursday. Enerflex Ltd. has a 1 year low of $4.01 and a 1 year high of $9.53. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -14.65 and a beta of 2.21. The firm has a fifty day moving average price of $7.35 and a 200-day moving average price of $6.09.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be paid a $0.0268 dividend. 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 dividend yield of 1.16%. The ex-dividend date of this dividend 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.