Enerflex Ltd. $EFXT Shares Acquired by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Enerflex Ltd. by 278,359.0% during the first quarter, owning 373,135 shares worth approximately $2.88 million.
• Enerflex recently reported earnings of $0.49 per share, surpassing analysts' expectations of $0.07, with revenue reaching $615 million for the quarter.
• The company announced an increase in its quarterly dividend to $0.0375 per share, reflecting positive growth with a yield of 1.5% and a dividend payout ratio of 10.58%.

Jones Financial Companies Lllp boosted its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 278,359.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,135 shares of the company's stock after buying an additional 373,001 shares during the quarter. Jones Financial Companies Lllp owned 0.30% of Enerflex worth $2,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Enerflex during the fourth quarter valued at about $82,000. Bank of New York Mellon Corp acquired a new stake in Enerflex during the 1st quarter valued at approximately $130,000. NewEdge Advisors LLC grew its stake in Enerflex by 984.3% during the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company's stock valued at $176,000 after purchasing an additional 20,689 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Enerflex during the 1st quarter worth approximately $192,000. Finally, Toronto Dominion Bank acquired a new position in shares of Enerflex in the 4th quarter valued at approximately $208,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of EFXT opened at $10.30 on Thursday. The stock has a market capitalization of $1.26 billion, a PE ratio of 9.90 and a beta of 2.01. The business's fifty day moving average price is $8.89 and its 200 day moving average price is $7.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex Ltd. has a 12-month low of $5.29 and a 12-month high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.42. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. The company had revenue of $615.00 million for the quarter, compared to analysts' expectations of $555.24 million. Equities research analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.5%. This is a positive change from Enerflex's previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 18th. Enerflex's dividend payout ratio (DPR) is currently 10.58%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EFXT. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a research report on Friday, August 8th. Raymond James Financial reaffirmed an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen raised shares of Enerflex from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Enerflex has an average rating of "Moderate Buy" and an average price target of $11.13.

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.

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