Dimensional Fund Advisors LP Grows Stock Holdings in Enerflex Ltd. (NYSE:EFXT)

Dimensional Fund Advisors LP increased its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 75.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 309,309 shares of the company’s stock after acquiring an additional 132,990 shares during the period. Dimensional Fund Advisors LP’s holdings in Enerflex were worth $3,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in 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 buying an additional 2,828 shares in the last quarter. Bank of Nova Scotia boosted its holdings in 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 buying an additional 4,258 shares in the last quarter. Barclays PLC boosted its holdings in Enerflex by 20.3% during the fourth quarter. Barclays PLC now owns 31,481 shares of the company’s stock worth $314,000 after buying an additional 5,312 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Enerflex by 54.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company’s stock worth $250,000 after buying an additional 8,870 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Enerflex during the fourth quarter worth about $127,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of EFXT opened at $7.29 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock has a market cap of $905.05 million, a P/E ratio of -11.57 and a beta of 2.02. The company has a 50-day moving average of $7.03 and a two-hundred day moving average of $8.36. Enerflex Ltd. has a 12-month low of $4.60 and a 12-month high of $10.61.

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

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Monday, March 10th. Enerflex’s dividend payout ratio is presently 16.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. CIBC cut their target price on shares of Enerflex from $10.00 to $9.25 and set a “neutral” rating for the company in a research report on Friday, May 9th. Royal Bank of Canada cut their target price on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th.

About Enerflex

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.