Enerflex Ltd. (NYSE:EFXT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,320 shares of the company's stock after selling 36,965 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.26% of Enerflex worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canoe Financial LP lifted its holdings in Enerflex by 10.2% in the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock worth $82,342,000 after acquiring an additional 768,210 shares during the last quarter. Taconic Capital Advisors LP lifted its holdings 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 worth $10,559,000 after purchasing an additional 465,000 shares during the last quarter. K.J. Harrison & Partners Inc lifted its holdings in shares of Enerflex by 100.4% in the 4th quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company's stock worth $4,795,000 after purchasing an additional 236,419 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Enerflex during the 4th quarter valued at approximately $1,364,000. Finally, Plato Investment Management Ltd bought a new position in Enerflex during the 4th quarter worth $767,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Performance

NYSE EFXT traded up $0.07 during trading hours on Monday, hitting $7.74. The company had a trading volume of 321,095 shares, compared to its average volume of 291,620. Enerflex Ltd. has a fifty-two week low of $4.60 and a fifty-two week high of $10.61. The firm has a market cap of $960.25 million, a P/E ratio of -12.28 and a beta of 2.12. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $8.55 and a 200-day simple moving average of $8.25.

Enerflex Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, March 10th. Enerflex's payout ratio is 40.00%.

Enerflex Company 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.