Canoe Financial LP Sells 345,413 Shares of Enerflex Ltd. (NYSE:EFXT)

Canoe Financial LP decreased its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,508,762 shares of the company's stock after selling 345,413 shares during the quarter. Canoe Financial LP owned 6.05% of Enerflex worth $44,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC boosted its position in Enerflex by 16.3% during the second quarter. Clearbridge Investments LLC now owns 567,366 shares of the company's stock valued at $3,064,000 after buying an additional 79,419 shares during the period. Marshall Wace LLP grew its position in Enerflex by 183.4% during the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company's stock worth $1,180,000 after acquiring an additional 141,393 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Enerflex by 6.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,901,000 shares of the company's stock worth $51,893,000 after purchasing an additional 516,300 shares during the period. The Manufacturers Life Insurance Company lifted its position in Enerflex by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company's stock valued at $965,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Enerflex during the second quarter valued at approximately $609,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their price target on shares of Enerflex from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Friday, August 9th.

Enerflex Trading Down 0.2 %

EFXT traded down $0.01 during midday trading on Monday, reaching $6.47. 92,542 shares of the company's stock traded hands, compared to its average volume of 180,605. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $802.54 million, a price-to-earnings ratio of -7.75 and a beta of 2.01. The firm has a fifty day moving average of $6.00 and a two-hundred day moving average of $5.62. Enerflex Ltd. has a 52 week low of $3.94 and a 52 week high of $6.82.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Enerflex had a negative net margin of 4.25% and a negative return on equity of 1.86%. The company had revenue of $614.00 million for the quarter, compared to analysts' expectations of $554.20 million. On average, equities analysts anticipate that Enerflex Ltd. will post 0.19 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd were issued a $0.018 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.07 annualized dividend and a yield of 1.11%. Enerflex's dividend payout ratio (DPR) is presently -8.43%.

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.