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

Quantbot Technologies LP grew its position in Enerflex Ltd. (NYSE:EFXT) by 160.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 53,917 shares of the company’s stock after purchasing 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EFXT. Acadian Asset Management LLC boosted its holdings in Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after acquiring an additional 466,535 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in Enerflex in the third quarter worth about $5,053,000. NewGen Equity Long Short Fund bought a new stake in Enerflex during the 2nd quarter worth about $5,628,000. Cibc World Market Inc. raised its holdings in Enerflex by 267.3% during the 3rd quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after purchasing an additional 362,939 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in Enerflex during the 3rd quarter valued at about $271,000. Institutional investors own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Enerflex Stock Down 0.7%

Shares of NYSE EFXT opened at $21.66 on Monday. The stock has a market cap of $2.64 billion, a P/E ratio of 42.47 and a beta of 1.84. The firm has a 50 day moving average price of $17.98 and a 200 day moving average price of $14.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. Enerflex Ltd. has a 52-week low of $6.18 and a 52-week high of $23.82.

Enerflex Dividend Announcement

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

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.