411,000 Shares in Enerflex Ltd. $EFXT Bought by Caldwell Investment Management Ltd.

Key Points

• Caldwell Investment Management acquired 411,000 Enerflex shares worth approximately $10.1 million, making the company 6.6% of its portfolio and its sixth-largest holding. Institutional investors collectively own 46.47% of Enerflex.
• Enerflex reported quarterly earnings of $0.25 per share, missing the $0.31 consensus estimate, while revenue of $582 million also fell short of expectations. The company maintains a quarterly dividend of $0.0425 per share, yielding about 0.8% annually.
• Analyst sentiment remains cautiously positive, with Enerflex carrying a “Moderate Buy” consensus rating and an average price target of $35.17 versus its reported share price of $20.34.

Caldwell Investment Management Ltd. acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 411,000 shares of the company's stock, valued at approximately $10,074,000. Enerflex makes up approximately 6.6% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 6th biggest holding. Caldwell Investment Management Ltd. owned about 0.34% of Enerflex as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in Enerflex by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company's stock worth $76,327,000 after buying an additional 186,649 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock worth $17,031,000 after acquiring an additional 752,893 shares in the last quarter. TD Asset Management Inc boosted its holdings in Enerflex by 31.8% in the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company's stock worth $33,215,000 after acquiring an additional 518,639 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Enerflex by 11.8% during the fourth quarter. Bank of Montreal Can now owns 1,735,826 shares of the company's stock worth $26,761,000 after acquiring an additional 182,578 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Enerflex by 51.4% during the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company's stock worth $27,059,000 after acquiring an additional 438,920 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Trading Up 1.2%

Shares of NYSE:EFXT opened at $20.34 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 47.30 and a beta of 1.86. Enerflex Ltd. has a 1 year low of $9.64 and a 1 year high of $29.15. The business's 50 day moving average price is $22.92 and its 200-day moving average price is $22.89.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $582.00 million for the quarter, compared to analysts' expectations of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, equities research analysts forecast that Enerflex Ltd. will post 1.34 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex's dividend payout ratio is presently 27.91%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EFXT. Weiss Ratings lowered Enerflex from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Canadian Imperial Bank of Commerce set a $27.50 target price on Enerflex in a report on Monday, August 10th. TD Securities reiterated a "buy" rating on shares of Enerflex in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada raised their price target on shares of Enerflex from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Enerflex currently has an average rating of "Moderate Buy" and an average price target of $35.17.

Enerflex Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source