Public Employees Retirement System of Ohio Makes New $344,000 Investment in Enerflex Ltd. (NYSE:EFXT)

Public Employees Retirement System of Ohio bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,584 shares of the company’s stock, valued at approximately $344,000.

A number of other large investors also recently modified their holdings of the business. Clearbridge Investments LLC boosted its position in Enerflex by 16.3% during the 2nd quarter. Clearbridge Investments LLC now owns 567,366 shares of the company’s stock valued at $3,064,000 after purchasing an additional 79,419 shares during the period. International Assets Investment Management LLC bought a new position in shares of Enerflex during the third quarter worth about $730,000. Marshall Wace LLP increased its holdings in shares of Enerflex by 183.4% in the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock worth $1,180,000 after acquiring an additional 141,393 shares during the period. The Manufacturers Life Insurance Company lifted its position in Enerflex by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock valued at $965,000 after purchasing an additional 7,700 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Enerflex by 16.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after purchasing an additional 1,435,900 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

Shares of EFXT opened at $9.37 on Friday. Enerflex Ltd. has a one year low of $4.31 and a one year high of $9.87. The stock’s fifty day moving average is $8.10 and its 200-day moving average is $6.46. 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 firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -14.87 and a beta of 2.21.

Enerflex Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted 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.