The Manufacturers Life Insurance Company Purchases 5,864 Shares of Enerflex Ltd. (NYSE:EFXT)

The Manufacturers Life Insurance Company increased its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 184,952 shares of the company’s stock after acquiring an additional 5,864 shares during the period. The Manufacturers Life Insurance Company’s holdings in Enerflex were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after buying an additional 15,200 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Enerflex in the third quarter valued at about $119,000. Fiera Capital Corp grew its position in shares of Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after purchasing an additional 13,390 shares in the last quarter. Net Worth Advisory Group acquired a new stake in shares of Enerflex during the 3rd quarter worth $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Enerflex by 24.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock valued at $174,000 after purchasing an additional 6,325 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $9.64 on Thursday. Enerflex Ltd. has a one year low of $4.23 and a one year high of $9.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -15.30 and a beta of 2.20. The firm has a 50 day simple moving average of $7.69 and a 200 day simple moving average of $6.24.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.0268 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.11 annualized dividend and a dividend yield of 1.11%. Enerflex’s dividend payout ratio (DPR) is -17.46%.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 15th.

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.