Canada Pension Plan Investment Board Acquires New Stake in Enerflex Ltd. (NYSE:EFXT)

Canada Pension Plan Investment Board acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 308,200 shares of the company's stock, valued at approximately $3,064,000. Canada Pension Plan Investment Board owned approximately 0.25% of Enerflex at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EFXT. B. Riley Wealth Advisors Inc. acquired a new position in Enerflex in the 3rd quarter valued at approximately $65,000. Quantbot Technologies LP acquired a new position in shares of Enerflex in the 4th quarter valued at about $127,000. Barclays PLC increased its position in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after buying an additional 26,168 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Enerflex in the 4th quarter valued at about $185,000. Finally, Scotia Capital Inc. bought a new stake in Enerflex in the 4th quarter valued at about $206,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Stock Performance

Shares of EFXT stock traded down $0.11 during trading on Monday, hitting $6.55. The company's stock had a trading volume of 393,286 shares, compared to its average volume of 277,390. The company has a market cap of $813.18 million, a PE ratio of -10.40 and a beta of 1.95. 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 business has a fifty day moving average of $7.31 and a 200-day moving average of $8.34. Enerflex Ltd. has a 52 week low of $4.60 and a 52 week high of $10.61.

Enerflex Cuts Dividend

The firm 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 1.59%. The ex-dividend date was Monday, March 10th. Enerflex's dividend payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price objective on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th.

About Enerflex

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.