Grantham Mayo Van Otterloo & Co. LLC Sells 41,600 Shares of Enerflex Ltd. $EFXT

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 8.9% in the third quarter, Holdings Channel reports. The institutional investor owned 423,900 shares of the company’s stock after selling 41,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Enerflex were worth $4,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hillsdale Investment Management Inc. grew its stake in shares of Enerflex by 435.9% in the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after acquiring an additional 3,824,093 shares during the last quarter. Millennium Management LLC raised its stake in Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after purchasing an additional 880,358 shares during the last quarter. Man Group plc boosted its holdings in Enerflex by 433.7% in the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after purchasing an additional 869,156 shares during the period. Goldman Sachs Group Inc. grew its position in Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares during the last quarter. Finally, NewGen Equity Long Short Fund acquired a new stake in Enerflex in the 2nd quarter worth $5,628,000. 46.47% of the stock is owned by institutional investors.

Enerflex Trading Up 1.3%

Shares of EFXT stock opened at $21.95 on Tuesday. The firm has a fifty day moving average of $18.11 and a 200-day moving average of $14.41. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 43.04 and a beta of 1.84. Enerflex Ltd. has a 52-week low of $6.18 and a 52-week high of $23.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13.

Enerflex Dividend Announcement

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 given a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Enerflex’s dividend payout ratio is 23.53%.

Analyst Upgrades and Downgrades

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

About Enerflex

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.