Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,471,786 shares of the company's stock, valued at approximately $330,515,000. Connor Clark & Lunn Investment Management Ltd. owned 11.03% of Enerflex as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in Enerflex in the 2nd quarter worth approximately $30,000. Smartleaf Asset Management LLC acquired a new stake in Enerflex during the 4th quarter valued at approximately $31,000. Plato Investment Management Ltd boosted its holdings in shares of Enerflex by 399.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock valued at $72,000 after acquiring an additional 3,730 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Enerflex in the 3rd quarter valued at $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Enerflex in the third quarter worth $138,000. Hedge funds and other institutional investors own 46.47% of the company's stock.
Enerflex Stock Performance
EFXT opened at $20.34 on Monday. The firm has a fifty day moving average price of $22.92 and a 200 day moving average price of $22.92. Enerflex Ltd. has a 1 year low of $9.64 and a 1 year high of $29.15. The stock has a market cap of $2.48 billion, a P/E ratio of 47.30 and a beta of 1.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86.
Enerflex (NYSE:EFXT - Get Free Report) last released 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 analyst estimates of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Equities research analysts anticipate that Enerflex Ltd. will post 1.34 earnings per share for the current year.
Enerflex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex's payout ratio is currently 27.91%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EFXT. Weiss Ratings cut shares of Enerflex from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday. Wall Street Zen downgraded Enerflex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research lowered Enerflex from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce set a $27.50 price objective on Enerflex in a report on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price objective on Enerflex from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.17.
Check Out Our Latest Analysis on EFXT
Enerflex Company Profile
(
Free Report)
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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