Enerflex Ltd. (NYSE:EFXT) Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. trimmed its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 6,415,261 shares of the company’s stock after selling 208,150 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.05% of Enerflex worth $63,831,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in Enerflex by 8.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company’s stock valued at $173,000 after buying an additional 1,404 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Enerflex by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company’s stock worth $642,000 after acquiring an additional 2,828 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Enerflex by 4.9% during the fourth quarter. Bank of Nova Scotia now owns 90,717 shares of the company’s stock worth $903,000 after purchasing an additional 4,258 shares during the period. Barclays PLC grew its stake in Enerflex by 20.3% in the fourth quarter. Barclays PLC now owns 31,481 shares of the company’s stock valued at $314,000 after acquiring an additional 5,312 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in Enerflex by 54.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company’s stock valued at $250,000 after acquiring an additional 8,870 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EFXT. Royal Bank of Canada reduced their price target on Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. CIBC reduced their price target on Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a research report on Friday.

Enerflex Stock Performance

Shares of EFXT opened at $6.82 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a 50-day moving average of $7.03 and a 200-day moving average of $8.36. The company has a market cap of $846.70 million, a PE ratio of -10.83 and a beta of 2.02. Enerflex Ltd. has a one year low of $4.60 and a one year high of $10.61.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $552.00 million for the quarter, compared to the consensus estimate of $583.59 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. On average, equities research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.026 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 annualized dividend and a yield of 1.52%. Enerflex’s dividend payout ratio (DPR) is presently 16.95%.

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.