Enerflex Ltd. (NYSE:EFXT) Shares Acquired by Taconic Capital Advisors LP

Taconic Capital Advisors LP increased its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,771,800 shares of the company's stock after acquiring an additional 465,000 shares during the period. Enerflex comprises about 5.6% of Taconic Capital Advisors LP's holdings, making the stock its 4th largest holding. Taconic Capital Advisors LP owned approximately 1.43% of Enerflex worth $10,559,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. TD Asset Management Inc grew its holdings in shares of Enerflex by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company's stock valued at $824,000 after acquiring an additional 2,789 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Enerflex by 3.3% in 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. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Enerflex by 24.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company's stock worth $174,000 after purchasing an additional 6,325 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Enerflex by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company's stock valued at $965,000 after buying an additional 7,700 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of Enerflex by 15.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company's stock valued at $455,000 after buying an additional 9,975 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Stock Down 1.1 %

NYSE EFXT traded down $0.10 during trading on Friday, hitting $9.15. 94,627 shares of the company traded hands, compared to its average volume of 198,041. The business has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $5.97. Enerflex Ltd. has a 12 month low of $4.01 and a 12 month high of $9.53. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.13 billion, a P/E ratio of -14.68 and a beta of 1.89.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be paid a $0.0268 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Enerflex's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. Enerflex's payout ratio is presently -17.46%.

Wall Street Analysts Forecast Growth

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

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.