Grantham Mayo Van Otterloo & Co. LLC Has $4.57 Million Holdings in Enerflex Ltd. $EFXT

Grantham Mayo Van Otterloo & Co. LLC lessened its position in Enerflex Ltd. (NYSE:EFXT) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 423,900 shares of the company’s stock after selling 41,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.35% of Enerflex worth $4,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its position in Enerflex by 6.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,509,600 shares of the company’s stock worth $59,251,000 after purchasing an additional 454,900 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Enerflex by 435.9% in the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after purchasing an additional 3,824,093 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares during the period. Acadian Asset Management LLC boosted its position in shares of Enerflex by 29.0% in the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock worth $16,312,000 after buying an additional 466,535 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after buying an additional 880,358 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of EFXT opened at $21.95 on Tuesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 43.04 and a beta of 1.84. The company’s fifty day moving average is $18.11 and its 200-day moving average is $14.41. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Enerflex Ltd. has a 12 month low of $6.18 and a 12 month high of $23.82.

Enerflex Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EFXT. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Enerflex in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently 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.