Canada Pension Plan Investment Board Makes New $3.06 Million Investment in Enerflex Ltd. (NYSE:EFXT)

Canada Pension Plan Investment Board acquired a new stake in Enerflex Ltd. (NYSE:EFXT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 308,200 shares of the company’s stock, valued at approximately $3,064,000.

Several other large investors also recently modified their holdings of EFXT. EAM Global Investors LLC bought a new stake in Enerflex during the fourth quarter valued at $3,785,000. EAM Investors LLC acquired a new position in Enerflex in the fourth quarter valued at approximately $1,437,000. XTX Topco Ltd bought a new position in shares of Enerflex during the 4th quarter worth approximately $299,000. Barclays PLC grew its position in shares of Enerflex by 20.3% during the 4th quarter. Barclays PLC now owns 31,481 shares of the company’s stock worth $314,000 after buying an additional 5,312 shares during the period. Finally, Scotia Capital Inc. bought a new stake in shares of Enerflex in the 4th quarter valued at $206,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Stock Up 0.5 %

EFXT stock opened at $6.47 on Wednesday. The stock’s 50 day simple moving average is $7.52 and its 200 day simple moving average is $8.33. The company has a market cap of $802.63 million, a P/E ratio of -10.26 and a beta of 1.95. 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 Ltd. has a fifty-two week low of $4.60 and a fifty-two week high of $10.61.

Enerflex Cuts Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, March 10th. Enerflex’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their target price on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th.

About Enerflex

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.