Charles Schwab Investment Management Inc. Decreases Holdings in Enerflex Ltd. (NYSE:EFXT)

Charles Schwab Investment Management Inc. decreased its stake in Enerflex Ltd. (NYSE:EFXT) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 322,320 shares of the company’s stock after selling 36,965 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Enerflex were worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its position in shares of Enerflex by 5.0% during the third quarter. Bank of Montreal Can now owns 488,275 shares of the company’s stock worth $2,895,000 after purchasing an additional 23,362 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Enerflex by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock worth $1,103,000 after purchasing an additional 5,864 shares during the last quarter. Taconic Capital Advisors LP grew its holdings in shares of Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock worth $10,559,000 after buying an additional 465,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Enerflex in the third quarter valued at about $344,000. Finally, Barclays PLC lifted its stake in shares of Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after buying an additional 26,168 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

EFXT opened at $7.64 on Friday. The firm has a market capitalization of $947.83 million, a PE ratio of -12.12 and a beta of 2.12. 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 twelve month low of $4.60 and a twelve month high of $10.61. The firm’s 50-day moving average price is $8.66 and its 200 day moving average price is $8.18.

Enerflex Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.026 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.36%. Enerflex’s dividend payout ratio is presently 40.00%.

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.