Letko Brosseau & Associates Inc. Decreases Stock Holdings in Enerflex Ltd. (NYSE:EFXT)

Letko Brosseau & Associates Inc. lessened its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,415,261 shares of the company's stock after selling 208,150 shares during the period. Letko Brosseau & Associates Inc. owned approximately 5.17% of Enerflex worth $63,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Enerflex in the fourth quarter valued at approximately $127,000. TD Waterhouse Canada Inc. increased its stake in shares of Enerflex by 8.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after buying an additional 1,404 shares during the period. ExodusPoint Capital Management LP bought a new stake in Enerflex during the 4th quarter valued at $185,000. Scotia Capital Inc. purchased a new stake in Enerflex during the 4th quarter valued at $206,000. Finally, Pictet Asset Management Holding SA boosted its position in Enerflex by 54.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock valued at $250,000 after buying an additional 8,870 shares during the period. Institutional investors own 46.47% of the company's stock.

Enerflex Price Performance

NYSE:EFXT traded down $0.04 during trading hours on Thursday, reaching $7.15. The stock had a trading volume of 386,714 shares, compared to its average volume of 290,527. The stock has a market capitalization of $887.67 million, a PE ratio of -11.35 and a beta of 2.02. Enerflex Ltd. has a 52 week low of $4.60 and a 52 week high of $10.61. The company has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $8.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19.

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

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's payout ratio is currently 16.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EFXT shares. 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 report on Thursday, April 17th. CIBC lowered their price objective on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a report on Friday, May 9th.

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.