Marshall Wace LLP Cuts Stock Holdings in Enerflex Ltd. (NYSE:EFXT)

Marshall Wace LLP lowered its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 65.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,336 shares of the company's stock after selling 87,108 shares during the period. Marshall Wace LLP's holdings in Enerflex were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. bought a new stake in Enerflex in the third quarter worth approximately $65,000. Quantbot Technologies LP bought a new stake in shares of Enerflex during the 4th quarter valued at $127,000. Barclays PLC grew its holdings in shares of 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 during the period. ExodusPoint Capital Management LP acquired a new stake in Enerflex in the 4th quarter valued at approximately $185,000. Finally, Scotia Capital Inc. acquired a new stake in shares of Enerflex in the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Analysts Set New Price Targets

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

Enerflex Price Performance

Shares of NYSE EFXT traded up $0.13 during trading hours on Friday, hitting $6.92. 222,061 shares of the stock were exchanged, compared to its average volume of 280,755. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The company has a market cap of $859.12 million, a PE ratio of -10.98 and a beta of 2.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company's fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $8.33.

Enerflex (NYSE:EFXT - Get Free Report) last released its earnings results 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 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%. On average, sell-side analysts predict that Enerflex Ltd. will post 0.25 EPS for the current year.

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 given a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's payout ratio is presently 40.00%.

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.