Enerflex Ltd. (NYSE:EFXT) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,480 shares of the company's stock after selling 874,212 shares during the period. Fiera Capital Corp's holdings in Enerflex were worth $53,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Simplex Trading LLC grew its position in Enerflex by 12,460.0% during the 3rd quarter. Simplex Trading LLC now owns 4,944 shares of the company's stock worth $28,000 after purchasing an additional 4,984 shares during the last quarter. Aigen Investment Management LP raised its position in shares of Enerflex by 80.7% during the 3rd quarter. Aigen Investment Management LP now owns 21,913 shares of the company's stock valued at $126,000 after acquiring an additional 9,784 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Enerflex by 51.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,978 shares of the company's stock valued at $150,000 after purchasing an additional 8,808 shares during the last quarter. Versor Investments LP raised its stake in shares of Enerflex by 186.2% during the third quarter. Versor Investments LP now owns 48,414 shares of the company's stock valued at $278,000 after purchasing an additional 31,500 shares in the last quarter. Finally, K.J. Harrison & Partners Inc raised its position in Enerflex by 67.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 207,700 shares of the company's stock worth $963,000 after acquiring an additional 83,700 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Trading Up 2.8 %

Shares of NYSE:EFXT traded up $0.14 during mid-day trading on Friday, reaching $5.21. 110,121 shares of the company's stock were exchanged, compared to its average volume of 182,197. Enerflex Ltd. has a twelve month low of $3.94 and a twelve month high of $8.36. The business's fifty day moving average price is $5.81 and its 200-day moving average price is $5.16. The firm has a market capitalization of $645.99 million, a price-to-earnings ratio of -5.85 and a beta of 2.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.16.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $574.61 million during the quarter, compared to the consensus estimate of $583.70 million. Enerflex had a negative net margin of 4.61% and a negative return on equity of 2.47%. On average, research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, May 23rd will be given a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, May 22nd. Enerflex's dividend payout ratio (DPR) is currently -7.87%.

Analyst Ratings Changes

Separately, BMO Capital Markets raised Enerflex from a "market perform" rating to an "outperform" rating in a research report on Thursday, February 29th.

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.