Bank of Montreal Can Has $7.01 Million Stock Position in Enerflex Ltd. (NYSE:EFXT)

Bank of Montreal Can grew its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 705,114 shares of the company's stock after acquiring an additional 216,839 shares during the quarter. Bank of Montreal Can owned 0.57% of Enerflex worth $7,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. ExodusPoint Capital Management LP acquired a new stake in Enerflex in the 4th quarter worth about $185,000. Geode Capital Management LLC increased its holdings in shares of Enerflex by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company's stock worth $642,000 after purchasing an additional 2,828 shares during the period. National Bank of Canada FI acquired a new stake in shares of Enerflex in the fourth quarter valued at approximately $4,495,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Enerflex in the fourth quarter valued at approximately $5,871,000. Finally, Pictet Asset Management Holding SA grew its position in Enerflex by 54.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock worth $250,000 after buying an additional 8,870 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday.

Enerflex Price Performance

EFXT traded up $0.02 on Friday, hitting $6.73. 306,778 shares of the stock were exchanged, compared to its average volume of 272,997. The firm has a market capitalization of $834.91 million, a price-to-earnings ratio of -10.67 and a beta of 1.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex Ltd. has a 12 month low of $4.60 and a 12 month high of $10.61. The business has a 50-day moving average of $7.68 and a two-hundred day moving average of $8.32.

Enerflex Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Monday, March 10th. Enerflex's dividend payout ratio (DPR) 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.