1832 Asset Management L.P. Has $59.25 Million Stock Holdings in Enerflex Ltd. $EFXT

1832 Asset Management L.P. boosted its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,509,600 shares of the company’s stock after buying an additional 454,900 shares during the period. 1832 Asset Management L.P. owned approximately 0.06% of Enerflex worth $59,251,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. boosted its stake in Enerflex by 15.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 23,628 shares of the company’s stock worth $186,000 after purchasing an additional 3,098 shares during the period. Baron Wealth Management LLC lifted its holdings in shares of Enerflex by 31.7% in the second quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after purchasing an additional 3,666 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Enerflex by 2.2% during the first quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company’s stock worth $1,578,000 after buying an additional 4,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Enerflex by 21.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company’s stock worth $302,000 after buying an additional 6,793 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Enerflex by 13.9% during the first quarter. Russell Investments Group Ltd. now owns 63,920 shares of the company’s stock worth $494,000 after buying an additional 7,797 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EFXT has been the topic of several research reports. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research report on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.13.

Enerflex Trading Up 1.2%

Shares of Enerflex stock opened at $13.77 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. The business has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $9.93. Enerflex Ltd. has a 1 year low of $6.18 and a 1 year high of $14.25. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.51 and a beta of 1.99.

Enerflex (NYSE:EFXT) last announced its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $777.00 million for the quarter, compared to the consensus estimate of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. Research analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.0425 per share. The ex-dividend date was Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a yield of 1.2%. Enerflex’s dividend payout ratio is currently 10.91%.

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.