Clearbridge Investments LLC Trims Stock Position in Enerflex Ltd. (NYSE:EFXT)

Clearbridge Investments LLC cut its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 580,379 shares of the company's stock after selling 112,190 shares during the quarter. Clearbridge Investments LLC owned approximately 0.47% of Enerflex worth $5,775,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EFXT. Bank of Montreal Can raised its holdings in shares of Enerflex by 5.0% during the third quarter. Bank of Montreal Can now owns 488,275 shares of the company's stock valued at $2,895,000 after acquiring an additional 23,362 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Enerflex by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company's stock valued at $1,103,000 after purchasing an additional 5,864 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Enerflex during the third quarter valued at approximately $344,000. Barclays PLC boosted its position in shares of Enerflex by 2,616,800.0% during the third quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after buying an additional 26,168 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Enerflex by 11.2% in the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock worth $364,000 after acquiring an additional 6,158 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of NYSE:EFXT traded up $0.06 during trading on Tuesday, hitting $6.72. The company's stock had a trading volume of 116,255 shares, compared to its average volume of 426,662. Enerflex Ltd. has a 12 month low of $4.59 and a 12 month high of $10.61. The company has a 50-day moving average of $8.26 and a 200-day moving average of $8.32. The firm has a market cap of $834.12 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's dividend payout ratio (DPR) is presently 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.