Enerflex Ltd. (NYSE:EFXT) Shares Sold by Canoe Financial LP

Canoe Financial LP trimmed its stake in Enerflex Ltd. (NYSE:EFXT - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,294,108 shares of the company's stock after selling 1,982,864 shares during the period. Canoe Financial LP owned 5.07% of Enerflex worth $48,643,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its position in Enerflex by 3,307.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock valued at $48,685,000 after buying an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enerflex during the fourth quarter valued at about $43,935,000. Arrowstreet Capital Limited Partnership acquired a new stake in Enerflex in the 4th quarter worth approximately $5,871,000. Two Sigma Investments LP grew its position in Enerflex by 263.9% during the 4th quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock worth $6,564,000 after purchasing an additional 478,407 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in Enerflex during the 4th quarter valued at approximately $4,495,000. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Performance

Shares of EFXT stock traded down $0.06 during trading hours on Tuesday, hitting $7.71. The company's stock had a trading volume of 316,687 shares, compared to its average volume of 308,555. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $7.12 and a 200 day moving average of $8.21. Enerflex Ltd. has a 12-month low of $4.73 and a 12-month high of $10.61. The stock has a market cap of $949.19 million, a PE ratio of 13.07 and a beta of 1.98.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $552.00 million during the quarter, compared to analysts' expectations of $583.59 million. Enerflex had a return on equity of 5.23% and a net margin of 3.18%. On average, sell-side analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 1.51%. Enerflex's payout ratio is 18.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EFXT shares. CIBC decreased their price target on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a report on Friday, May 9th. Royal Bank Of Canada lowered their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th.

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.