West Tower Group LLC Buys Shares of 20,000 Enerflex Ltd. (NYSE:EFXT)

West Tower Group LLC bought a new stake in Enerflex Ltd. (NYSE:EFXT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors have also recently modified their holdings of the business. TD Asset Management Inc boosted its stake in shares of Enerflex by 1.9% in the second quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock valued at $824,000 after buying an additional 2,789 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 buying an additional 6,325 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Enerflex by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock valued at $965,000 after buying an additional 7,700 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Enerflex by 15.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after buying an additional 9,975 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in Enerflex by 117.0% during the second 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. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Enerflex Stock Down 0.2 %

EFXT opened at $9.39 on Tuesday. Enerflex Ltd. has a one year low of $4.01 and a one year high of $9.53. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -14.89 and a beta of 1.89. The business’s fifty day moving average is $6.79 and its two-hundred day moving average is $5.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th will be issued a $0.0268 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s payout ratio is -11.11%.

Enerflex Profile

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.