Public Employees Retirement System of Ohio Takes Position in Enerflex Ltd. (NYSE:EFXT)

Public Employees Retirement System of Ohio bought a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,584 shares of the company’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its holdings in shares of 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 buying an additional 1,606,236 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings 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 during the last quarter. Taconic Capital Advisors LP boosted its position in shares of Enerflex by 35.6% in the 3rd quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock valued at $10,559,000 after purchasing an additional 465,000 shares during the period. PCJ Investment Counsel Ltd. increased its stake in Enerflex by 14.1% in the 3rd 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 in the last quarter. Finally, Marshall Wace LLP raised its holdings in Enerflex by 183.4% during the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock worth $1,180,000 after buying an additional 141,393 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Enerflex Price Performance

EFXT opened at $9.37 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of -14.87 and a beta of 2.21. The stock has a fifty day moving average of $8.10 and a 200-day moving average of $6.46. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 12-month low of $4.31 and a 12-month high of $9.87.

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 given a dividend of $0.0268 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 1.14%. Enerflex’s dividend payout ratio (DPR) is presently -17.46%.

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.