Royal Bank of Canada Has $70.89 Million Position in Enerflex Ltd. (NYSE:EFXT)

Royal Bank of Canada cut its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,124,387 shares of the company's stock after selling 685,059 shares during the period. Royal Bank of Canada owned 5.74% of Enerflex worth $70,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EFXT. Barclays PLC boosted 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 buying an additional 26,168 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enerflex by 55.9% in 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. CIBC Asset Management Inc bought a new position in shares of Enerflex in the fourth quarter worth about $1,364,000. K.J. Harrison & Partners Inc raised its stake in shares of Enerflex by 100.4% in the fourth quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company's stock worth $4,795,000 after acquiring an additional 236,419 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Enerflex in the fourth quarter worth about $262,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Trading Up 3.0%

Shares of EFXT traded up $0.21 on Friday, reaching $7.06. 199,443 shares of the company's stock were exchanged, compared to its average volume of 296,933. 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 stock has a market capitalization of $875.88 million, a P/E ratio of -11.20 and a beta of 2.02. The business has a 50 day moving average price of $6.99 and a two-hundred day moving average price of $8.37. Enerflex Ltd. has a 12 month low of $4.60 and a 12 month high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $552.00 million during the quarter, compared to the consensus estimate of $583.59 million. Enerflex had a negative net margin of 3.15% and a negative return on equity of 1.25%. Research analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 22nd will be paid a dividend of $0.0375 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, May 21st. Enerflex's dividend payout ratio (DPR) is 16.95%.

Analyst Ratings Changes

A number of brokerages have weighed in on EFXT. CIBC dropped their target price on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research note on Friday, May 9th. Royal Bank of Canada dropped their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th.

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.