UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Enerflex Ltd. (NYSE:EFXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Enerflex Ltd. (NYSE:EFXT) by 16.9% during the third quarter, HoldingsChannel reports. The fund owned 101,512 shares of the company’s stock after selling 20,602 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enerflex were worth $605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EFXT. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enerflex by 24.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after purchasing an additional 6,325 shares during the period. Fiera Capital Corp increased its stake in shares of Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after purchasing an additional 13,390 shares in the last quarter. TD Asset Management Inc raised its holdings in Enerflex by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock worth $824,000 after purchasing an additional 2,789 shares during the period. Acadian Asset Management LLC increased its position in Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after buying an additional 15,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Enerflex during the 2nd quarter worth approximately $609,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Trading Down 0.4 %

Shares of Enerflex stock opened at $9.37 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -14.87 and a beta of 2.21. The business has a 50-day moving average price of $8.10 and a 200-day moving average price of $6.45. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a twelve month low of $4.31 and a twelve month high of $9.87.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be given a $0.0268 dividend. This represents a $0.11 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s payout ratio is currently -17.46%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target on Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

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.