Jane Street Group LLC Has $2.95 Million Holdings in Enerflex Ltd. (NYSE:EFXT)

Jane Street Group LLC grew its position in Enerflex Ltd. (NYSE:EFXT) by 586.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,342 shares of the company’s stock after buying an additional 253,163 shares during the quarter. Jane Street Group LLC owned approximately 0.24% of Enerflex worth $2,949,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canoe Financial LP grew its holdings in shares of Enerflex by 10.2% during the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock valued at $82,342,000 after buying an additional 768,210 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Enerflex by 3,307.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company’s stock valued at $48,685,000 after acquiring an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enerflex in the 4th quarter valued at about $43,935,000. Bank of Montreal Can lifted its position in shares of Enerflex by 44.4% in the fourth quarter. Bank of Montreal Can now owns 705,114 shares of the company’s stock worth $7,010,000 after purchasing an additional 216,839 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Enerflex in the fourth quarter worth approximately $5,871,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

EFXT opened at $7.29 on Wednesday. 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 company has a market cap of $905.05 million, a PE ratio of -11.57 and a beta of 2.02. The stock has a 50-day moving average of $7.03 and a 200-day moving average of $8.36. Enerflex Ltd. has a 52-week low of $4.60 and a 52-week high of $10.61.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $552.00 million for the quarter, compared to analyst estimates 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, equities research analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on EFXT. Royal Bank of Canada dropped their price objective on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. CIBC dropped their price target on shares of Enerflex from $10.00 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, May 9th.

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.