Picton Mahoney Asset Management Sells 81,293 Shares of Enerflex Ltd. $EFXT

Picton Mahoney Asset Management lessened its position in Enerflex Ltd. (NYSE:EFXT) by 41.2% during the third quarter, Holdings Channel reports. The institutional investor owned 115,925 shares of the company’s stock after selling 81,293 shares during the quarter. Picton Mahoney Asset Management’s holdings in Enerflex were worth $1,249,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. D Orazio & Associates Inc. bought a new position in shares of Enerflex during the 2nd quarter worth approximately $80,000. Vise Technologies Inc. acquired a new position in Enerflex during the second quarter worth $85,000. Kathmere Capital Management LLC bought a new position in Enerflex in the third quarter valued at $152,000. 111 Capital bought a new position in Enerflex in the third quarter valued at $164,000. Finally, Baron Wealth Management LLC increased its stake in Enerflex by 10.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock valued at $182,000 after buying an additional 1,638 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EFXT shares. Royal Bank Of Canada restated an “outperform” rating and set a $20.00 price objective on shares of Enerflex in a research note on Thursday, January 15th. Wall Street Zen cut Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.63.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $21.78 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.81. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 42.71 and a beta of 1.84. The stock’s fifty day moving average price is $17.86 and its two-hundred day moving average price is $14.17. Enerflex Ltd. has a one year low of $6.18 and a one year high of $23.82.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be paid a $0.0425 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. Enerflex’s dividend payout ratio is 23.53%.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.