Cibc World Market Inc. Buys 162,037 Shares of Enerflex Ltd. $EFXT

Cibc World Market Inc. grew its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,755 shares of the company’s stock after buying an additional 162,037 shares during the period. Cibc World Market Inc. owned 0.54% of Enerflex worth $10,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Enerflex during the third quarter valued at approximately $271,000. Hillsdale Investment Management Inc. raised its position in shares of Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after buying an additional 3,824,093 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in shares of Enerflex during the fourth quarter valued at approximately $2,134,000. Quantbot Technologies LP raised its position in shares of Enerflex by 160.4% during the third quarter. Quantbot Technologies LP now owns 53,917 shares of the company’s stock valued at $581,000 after buying an additional 33,212 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of Enerflex during the third quarter valued at approximately $308,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 8.5%

Shares of EFXT opened at $24.14 on Friday. The company’s fifty day moving average is $24.64 and its 200 day moving average is $19.89. Enerflex Ltd. has a fifty-two week low of $7.45 and a fifty-two week high of $29.15. The stock has a market capitalization of $2.95 billion, a PE ratio of 36.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The company had revenue of $584.00 million for the quarter, compared to analysts’ expectations of $607.26 million. Sell-side analysts expect that Enerflex Ltd. will post 1.66 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s payout ratio is presently 19.40%.

Wall Street Analyst Weigh In

EFXT has been the topic of several recent analyst reports. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Raymond James Financial lifted their price objective on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $28.00 price objective on shares of Enerflex in a research report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

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.