Public Employees Retirement System of Ohio Invests $344,000 in Enerflex Ltd. (NYSE:EFXT)

Public Employees Retirement System of Ohio purchased a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 57,584 shares of the company's stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC grew its stake in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock worth $81,000 after purchasing an additional 15,200 shares in the last quarter. West Tower Group LLC acquired a new position in shares of Enerflex during the 3rd quarter worth about $119,000. Fiera Capital Corp boosted its position in shares of Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company's stock worth $134,000 after acquiring an additional 13,390 shares in the last quarter. Net Worth Advisory Group purchased a new position in shares of Enerflex in the 3rd quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 acquiring an additional 6,325 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analysts Set New Price Targets

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

Enerflex Stock Performance

EFXT traded down $0.04 on Friday, reaching $9.37. The company had a trading volume of 332,110 shares, compared to its average volume of 206,387. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 1 year low of $4.31 and a 1 year high of $9.87. The stock has a market capitalization of $1.16 billion, a PE ratio of -14.87 and a beta of 2.21. The stock has a 50-day moving average price of $8.10 and a 200-day moving average price of $6.47.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be issued a $0.0268 dividend. This is an increase from Enerflex's previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex's payout ratio is presently -17.46%.

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.