Enerflex Ltd. (NYSE:EFXT) Shares Acquired by Taconic Capital Advisors LP

Taconic Capital Advisors LP boosted its stake in Enerflex Ltd. (NYSE:EFXT) by 35.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,771,800 shares of the company’s stock after purchasing an additional 465,000 shares during the quarter. Enerflex comprises 5.6% of Taconic Capital Advisors LP’s investment portfolio, making the stock its 4th biggest position. Taconic Capital Advisors LP owned 1.43% of Enerflex worth $10,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC grew its position in Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after acquiring an additional 15,200 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Enerflex during the third quarter worth about $119,000. Net Worth Advisory Group bought a new stake in shares of Enerflex during the third quarter worth about $146,000. Fiera Capital Corp grew its holdings in shares of 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Enerflex by 24.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after purchasing an additional 6,325 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Up 0.4 %

Enerflex stock opened at $9.25 on Friday. The stock’s 50 day moving average is $7.02 and its 200 day moving average is $5.95. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a one year low of $4.01 and a one year high of $9.53.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be paid a $0.0268 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, November 26th. Enerflex’s payout ratio is currently -17.46%.

Analyst Upgrades and Downgrades

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

Enerflex Company 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.