Canoe Financial LP lowered its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 24.0% during the first quarter, according to the company in its most recent filing with the Securities & 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.
Several other large investors also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its holdings in shares of Enerflex by 3,307.0% in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enerflex in the 4th quarter valued at approximately $43,935,000. Bank of Montreal Can boosted its holdings in shares of Enerflex by 44.4% in the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock valued at $7,010,000 after buying an additional 216,839 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Enerflex by 263.9% in the 4th quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after buying an additional 478,407 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Enerflex in the 4th quarter valued at $5,871,000. Institutional investors and hedge funds own 46.47% of the company's stock.
Enerflex Stock Up 2.0%
EFXT opened at $7.99 on Friday. Enerflex Ltd. has a 1-year low of $4.73 and a 1-year high of $10.61. The stock's fifty day simple moving average is $7.10 and its 200 day simple moving average is $8.23. 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 stock has a market cap of $983.29 million, a PE ratio of 13.54 and a beta of 1.98.
Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm had revenue of $552.00 million for 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%. As a group, research analysts expect that Enerflex Ltd. will post 0.25 earnings per share for the current year.
Enerflex Announces Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd were given a dividend of $0.0375 per share. This represents a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, May 21st. Enerflex's payout ratio is 18.64%.
Analyst Ratings Changes
A number of research firms recently weighed in on EFXT. CIBC dropped their price target on 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 dropped their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th.
View Our Latest Analysis on Enerflex
About Enerflex
(
Free Report)
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.
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