47,919 Shares in Enerflex Ltd. $EFXT Purchased by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners acquired 47,919 Enerflex shares worth approximately $1.18 million in the second quarter. Institutional investors collectively own 46.47% of the company, with several major firms increasing their positions.
• Analysts maintain a generally positive outlook, with Enerflex receiving a “Moderate Buy” consensus rating and an average price target of $35.17. Recent targets range from $27.50 to $46, although one firm downgraded the stock to “Hold.”
• Enerflex’s latest quarterly results fell short of expectations, reporting $0.25 EPS versus a $0.31 estimate and revenue of $582 million versus $606.78 million expected. The company declared a quarterly dividend of $0.0425 per share, representing a 0.8% yield.

K.J. Harrison & Partners Inc acquired a new position in Enerflex Ltd. (NYSE:EFXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,919 shares of the company's stock, valued at approximately $1,175,000.

Several other large investors have also modified their holdings of EFXT. Mackenzie Financial Corp raised its holdings in shares of Enerflex by 4.0% in the fourth 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 period. Goldman Sachs Group Inc. boosted its holdings in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock valued at $17,031,000 after acquiring an additional 752,893 shares during the period. TD Asset Management Inc grew its position in Enerflex by 31.8% in the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company's stock valued at $33,215,000 after acquiring an additional 518,639 shares during the last quarter. Bank of Montreal Can grew its position in Enerflex by 11.8% in the 4th quarter. Bank of Montreal Can now owns 1,735,826 shares of the company's stock valued at $26,761,000 after acquiring an additional 182,578 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Enerflex by 51.4% in the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company's stock worth $27,059,000 after purchasing an additional 438,920 shares during the period. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analysts Set New Price Targets

EFXT has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce set a $27.50 target price on shares of Enerflex in a research note on Monday, August 10th. TD Securities reaffirmed a "buy" rating on shares of Enerflex in a research note on Friday, May 8th. Wall Street Zen lowered shares of Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Enerflex from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, May 28th. Finally, Raymond James Financial upped their target price on shares of Enerflex from $45.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.17.

Enerflex Price Performance

Shares of EFXT stock opened at $22.51 on Tuesday. Enerflex Ltd. has a twelve month low of $9.35 and a twelve month high of $29.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $23.20 and a two-hundred day simple moving average of $22.85. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 52.35 and a beta of 1.86.

Enerflex (NYSE:EFXT - Get Free Report) last announced 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 net margin of 2.06% and a return on equity of 11.76%. On average, analysts predict that Enerflex Ltd. will post 1.34 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm 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 dividend of $0.0425 per share. 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 30.23%.

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.

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