Aigen Investment Management LP Takes $678,000 Position in Enerflex Ltd. (NYSE:EFXT)

Key Points

• Aigen Investment Management LP has acquired a stake of 87,751 shares in Enerflex Ltd., valued at approximately $678,000, representing 0.07% of the company by the end of the last reporting period.
• Enerflex has recently announced a quarterly dividend increase, now set at $0.0375 per share, reflecting an annualized dividend of $0.15 and a yield of 1.6%.
• Wall Street analysts show confidence in Enerflex, with an average target price of $11.13 and various ratings indicating potential for growth, including a recent upgrade to a "strong-buy" from Wall Street Zen.

Aigen Investment Management LP acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 87,751 shares of the company's stock, valued at approximately $678,000. Aigen Investment Management LP owned about 0.07% of Enerflex at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 period. Mackenzie Financial Corp lifted its holdings in shares of 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 in the last quarter. TD Asset Management Inc lifted its holdings in Enerflex by 59.8% during the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock worth $14,618,000 after acquiring an additional 708,153 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in Enerflex by 39.5% during the first quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock worth $10,432,000 after acquiring an additional 382,120 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Enerflex by 44.4% during the fourth quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock worth $7,010,000 after acquiring an additional 216,839 shares during the period. Institutional investors and hedge funds own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

EFXT has been the subject of several analyst reports. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. CIBC dropped their price objective on Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a report on Friday, May 9th. Wall Street Zen upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada raised their target price on Enerflex from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Enerflex in a research report on Friday, August 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of "Buy" and a consensus price target of $11.13.

Enerflex Stock Performance

Shares of NYSE EFXT traded down $0.02 during midday trading on Friday, hitting $9.58. The company's stock had a trading volume of 696,564 shares, compared to its average volume of 460,128. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. The firm's fifty day moving average price is $8.14 and its 200-day moving average price is $7.77. The firm has a market cap of $1.17 billion, a P/E ratio of 9.21 and a beta of 2.00. Enerflex Ltd. has a 1-year low of $5.29 and a 1-year high of $10.61.

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

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 1.6%. This is a boost from Enerflex's previous quarterly dividend of $0.03. Enerflex's dividend payout ratio (DPR) is presently 10.58%.

Enerflex Company 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.