Enerflex Ltd. (NYSE:EFXT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 22.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 135,821 shares of the company's stock after selling 38,308 shares during the period. Legal & General Group Plc owned 0.11% of Enerflex worth $1,351,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC grew its position in Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after acquiring an additional 26,168 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Enerflex by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock worth $364,000 after buying an additional 6,158 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Enerflex in the 3rd quarter valued at about $65,000. JPMorgan Chase & Co. increased its position in shares of Enerflex by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company's stock worth $463,000 after acquiring an additional 27,878 shares during the last quarter. Finally, Canoe Financial LP boosted its stake in shares of Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after buying an additional 768,210 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

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

Enerflex Stock Performance

EFXT traded up $0.18 on Thursday, hitting $6.73. 68,320 shares of the stock traded hands, compared to its average volume of 279,075. The firm has a market capitalization of $834.91 million, a PE ratio of -10.71 and a beta of 1.95. Enerflex Ltd. has a 52 week low of $4.60 and a 52 week high of $10.61. 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 price of $7.21 and a two-hundred day moving average price of $8.32.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.026 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.10 annualized dividend and a yield of 1.55%. Enerflex's dividend payout ratio is 40.00%.

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.