Barclays PLC Acquires 26,168 Shares of Enerflex Ltd. (NYSE:EFXT)

Barclays PLC raised its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 2,616,800.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,169 shares of the company’s stock after acquiring an additional 26,168 shares during the quarter. Barclays PLC’s holdings in Enerflex were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC grew its position in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after purchasing an additional 15,200 shares in the last quarter. West Tower Group LLC bought a new position in Enerflex in the 3rd quarter worth about $119,000. Net Worth Advisory Group purchased a new position in Enerflex during the 3rd quarter valued at about $146,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Enerflex by 24.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after buying an additional 6,325 shares during the period. Finally, Aristides Capital LLC purchased a new stake in shares of Enerflex in the second quarter worth about $262,000. Institutional investors own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enerflex Price Performance

Enerflex stock opened at $10.21 on Wednesday. The business has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $6.90. Enerflex Ltd. has a 52 week low of $4.31 and a 52 week high of $10.52. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -16.21 and a beta of 2.04. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.0268 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 annualized dividend and a dividend yield of 1.05%. Enerflex’s payout ratio is presently -17.46%.

Enerflex 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.