Quantbot Technologies LP Buys 33,212 Shares of Enerflex Ltd. $EFXT

Quantbot Technologies LP lifted its stake in Enerflex Ltd. (NYSE:EFXT) by 160.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,917 shares of the company’s stock after buying an additional 33,212 shares during the period. Quantbot Technologies LP’s holdings in Enerflex were worth $581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. D Orazio & Associates Inc. acquired a new stake in Enerflex in the 2nd quarter valued at $80,000. Vise Technologies Inc. bought a new position in shares of Enerflex during the second quarter valued at $85,000. Kathmere Capital Management LLC bought a new position in shares of Enerflex during the third quarter valued at $152,000. NewEdge Advisors LLC boosted its stake in shares of Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after purchasing an additional 20,689 shares in the last quarter. Finally, Baron Wealth Management LLC grew its holdings in shares of Enerflex by 10.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock worth $182,000 after purchasing an additional 1,638 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 0.7%

Shares of NYSE EFXT opened at $21.66 on Monday. Enerflex Ltd. has a 1-year low of $6.18 and a 1-year high of $23.82. The company has a market cap of $2.64 billion, a PE ratio of 42.47 and a beta of 1.84. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $17.98 and a two-hundred day moving average of $14.32.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be issued a $0.0425 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analyst Weigh In

EFXT has been the subject of several analyst reports. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 price objective on shares of Enerflex in a research report on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.63.

Enerflex Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.