Plato Investment Management Ltd Acquires New Holdings in Enerflex Ltd. (NYSE:EFXT)

Plato Investment Management Ltd purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,833 shares of the company's stock, valued at approximately $767,000. Plato Investment Management Ltd owned approximately 0.06% of Enerflex at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EFXT. The Manufacturers Life Insurance Company raised its position in shares of Enerflex by 3.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company's stock valued at $1,103,000 after buying an additional 5,864 shares in the last quarter. Geode Capital Management LLC increased its stake in Enerflex by 11.2% in the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock valued at $364,000 after acquiring an additional 6,158 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Enerflex by 15.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company's stock valued at $455,000 after purchasing an additional 9,975 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Enerflex during the third quarter valued at approximately $65,000. Finally, West Tower Group LLC bought a new stake in Enerflex during the third quarter worth $119,000. Institutional investors own 46.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on Enerflex from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, November 15th.

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Enerflex Price Performance

Shares of EFXT traded up $0.05 during mid-day trading on Friday, reaching $7.22. The company had a trading volume of 533,130 shares, compared to its average volume of 450,712. The company has a market capitalization of $895.69 million, a price-to-earnings ratio of -11.45 and a beta of 2.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company's 50 day simple moving average is $9.40 and its 200 day simple moving average is $8.01. Enerflex Ltd. has a 1-year low of $4.59 and a 1-year high of $10.61.

Enerflex Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.026 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a yield of 1.44%. Enerflex's dividend payout ratio is currently 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.