Canada Pension Plan Investment Board Takes Position in Enerflex Ltd. (NYSE:EFXT)

Canada Pension Plan Investment Board purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 308,200 shares of the company's stock, valued at approximately $3,064,000. Canada Pension Plan Investment Board owned approximately 0.25% of Enerflex at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EFXT. Canoe Financial LP boosted its holdings in shares of Enerflex by 10.2% in the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after purchasing an additional 768,210 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Enerflex by 3,307.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock valued at $48,685,000 after acquiring an additional 4,752,201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enerflex during the fourth quarter worth about $43,935,000. Bank of Montreal Can raised its holdings in shares of Enerflex by 44.4% in the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock worth $7,010,000 after purchasing an additional 216,839 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Enerflex in the 4th quarter valued at about $5,871,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Stock Up 0.5 %

Shares of EFXT traded up $0.03 during midday trading on Friday, reaching $6.66. 293,344 shares of the company were exchanged, compared to its average volume of 276,258. 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 1-year low of $4.60 and a 1-year high of $10.61. The company has a market cap of $826.84 million, a price-to-earnings ratio of -10.57 and a beta of 1.95. The stock has a 50-day moving average price of $7.36 and a 200-day moving average price of $8.32.

Enerflex Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.56%. Enerflex's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price target on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

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.