40,300 Shares in Enerflex Ltd. (NYSE:EFXT) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. bought a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,300 shares of the company's stock, valued at approximately $401,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Enerflex in the fourth quarter valued at about $127,000. TD Waterhouse Canada Inc. raised its stake in Enerflex by 8.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after acquiring an additional 1,404 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Enerflex during the fourth quarter worth about $185,000. Scotia Capital Inc. acquired a new position in Enerflex during the fourth quarter worth about $206,000. Finally, Pictet Asset Management Holding SA raised its stake in Enerflex by 54.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock worth $250,000 after acquiring an additional 8,870 shares in the last quarter. Institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. CIBC lowered their target price on Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research note on Friday, May 9th. Royal Bank of Canada lowered their target price on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th.

Enerflex Trading Down 1.9%

Shares of NYSE:EFXT traded down $0.14 during midday trading on Friday, hitting $7.04. 148,780 shares of the stock were exchanged, compared to its average volume of 299,035. The stock has a market capitalization of $874.02 million, a price-to-earnings ratio of -11.17 and a beta of 2.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The business's 50-day moving average price is $6.94 and its 200 day moving average price is $8.37. Enerflex Ltd. has a 12 month low of $4.60 and a 12 month high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. The business had revenue of $552.00 million for the quarter, compared to analysts' expectations of $583.59 million. Analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 22nd will be given a $0.0375 dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, May 21st. Enerflex's payout ratio is currently 16.95%.

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.