66,888 Shares in Enerflex Ltd. $EFXT Purchased by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC acquired 66,888 shares of Enerflex Ltd. (NYSE:EFXT) in Q1, valued at approximately $517,000, bringing its ownership to 0.05% of the company.
• Enerflex reported a strong earnings performance with $0.49 earnings per share, significantly exceeding analysts' expectations of $0.07, along with a revenue of $615 million in its last quarterly results.
• The company has increased its quarterly dividend to $0.0375, offering a 1.6% dividend yield, up from $0.03, with a payout ratio of 10.58%.

Neuberger Berman Group LLC purchased a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 66,888 shares of the company's stock, valued at approximately $517,000. Neuberger Berman Group LLC owned about 0.05% of Enerflex at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in Enerflex by 42.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company's stock valued at $48,555,000 after acquiring an additional 1,863,470 shares during the last quarter. Mackenzie Financial Corp increased its stake in Enerflex by 8.6% in the first quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company's stock valued at $38,459,000 after purchasing an additional 394,496 shares during the period. TD Asset Management Inc increased its stake in Enerflex by 59.8% in the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock valued at $14,618,000 after purchasing an additional 708,153 shares during the period. PCJ Investment Counsel Ltd. increased its stake in Enerflex by 39.5% in the first quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock valued at $10,432,000 after purchasing an additional 382,120 shares during the period. Finally, Two Sigma Investments LP increased its stake in Enerflex by 263.9% in the fourth quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after purchasing an additional 478,407 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. CIBC dropped their price objective on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective on shares of Enerflex from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets restated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Enerflex currently has a consensus rating of "Moderate Buy" and an average price target of $11.13.

Enerflex Price Performance

EFXT stock traded up $0.0850 during trading on Wednesday, reaching $9.4650. 192,725 shares of the company were exchanged, compared to its average volume of 407,607. The company has a market cap of $1.16 billion, a P/E ratio of 9.08 and a beta of 2.00. Enerflex Ltd. has a 52-week low of $5.29 and a 52-week high of $10.61. The stock's 50 day moving average price is $8.21 and its 200 day moving average price is $7.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19.

Enerflex (NYSE:EFXT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.42. The firm had revenue of $615.00 million for the quarter, compared to the consensus estimate of $555.24 million. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. As a group, analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.6%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is currently 9.62%.

Enerflex 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.