Enerflex Ltd. $EFXT Shares Acquired by Fiera Capital Corp

Fiera Capital Corp lifted its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 2,060.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 536,529 shares of the company’s stock after purchasing an additional 511,699 shares during the quarter. Fiera Capital Corp owned about 0.44% of Enerflex worth $8,274,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EFXT. Hillsdale Investment Management Inc. lifted 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 worth $50,695,000 after purchasing an additional 3,824,093 shares in the last quarter. Millennium Management LLC lifted its position in shares of Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after purchasing an additional 880,358 shares in the last quarter. Man Group plc increased its stake in shares of Enerflex by 433.7% during the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock worth $8,426,000 after buying an additional 869,156 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Enerflex by 31.8% during the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after buying an additional 518,639 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EFXT. TD Securities restated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $28.00 target price on shares of Enerflex in a research note on Friday, May 8th. National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Stock Performance

Shares of Enerflex stock opened at $24.70 on Wednesday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 36.86 and a beta of 1.83. Enerflex Ltd. has a 52 week low of $7.54 and a 52 week high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $24.77 and its two-hundred day moving average is $20.10.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The company had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Research analysts forecast that Enerflex Ltd. will post 1.66 EPS for the current fiscal year.

Enerflex Dividend Announcement

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

Enerflex 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.