Russell Investments Group Ltd. Makes New $1.07 Million Investment in Enerflex Ltd. (NYSE:EFXT)

Russell Investments Group Ltd. acquired a new stake in Enerflex Ltd. (NYSE:EFXT – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 168,971 shares of the company’s stock, valued at approximately $1,065,000. Russell Investments Group Ltd. owned approximately 0.14% of Enerflex at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EFXT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Enerflex in the fourth quarter valued at $57,000. Shell Asset Management Co. purchased a new stake in Enerflex during the fourth quarter worth approximately $57,000. Simplex Trading LLC acquired a new position in Enerflex in the fourth quarter valued at approximately $73,000. Toronto Dominion Bank purchased a new position in Enerflex in the fourth quarter valued at approximately $308,000. Finally, TD Asset Management Inc acquired a new stake in Enerflex during the fourth quarter worth approximately $7,153,000.

Wall Street Analysts Forecast Growth

EFXT has been the topic of a number of recent analyst reports. National Bank Financial downgraded shares of Enerflex from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 31st. Raymond James cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 7th. BMO Capital Markets upped their target price on Enerflex from C$12.00 to C$13.00 in a research report on Thursday, May 4th. Finally, Royal Bank of Canada raised Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 6th.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $5.87 on Friday. Enerflex Ltd. has a one year low of $3.86 and a one year high of $7.64. The stock has a market capitalization of $726.35 million and a price-to-earnings ratio of -10.12. The company has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $6.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.93 and a current ratio of 1.27.

Enerflex (NYSE:EFXT – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported ($0.04) EPS for the quarter. Enerflex had a negative net margin of 3.77% and a positive return on equity of 1.77%. The company had revenue of $508.15 million for the quarter.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, May 18th will be given a $0.018 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.07 dividend on an annualized basis and a yield of 1.23%. Enerflex’s dividend payout ratio (DPR) is -12.07%.

About Enerflex

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Enerflex Ltd. engages in the manufacture and distribution of equipment for gas compression facilities, power plants and other industrial institutions. It operates through the following geographical segments: USA, Rest of the World, and Canada. The USA segment manufactures modular natural gas compression, processing, refrigeration, and electric power equipment.