Jones Financial Companies Lllp Has $2.88 Million Stake in Enerflex Ltd. $EFXT

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 raised its stake in Enerflex Ltd. (NYSE:EFXT - Free Report) by 278,359.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Enerflex by 42.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company's stock valued at $48,555,000 after buying an additional 1,863,470 shares during the period. Mackenzie Financial Corp increased its stake in shares of Enerflex by 8.6% during the 1st quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company's stock worth $38,459,000 after purchasing an additional 394,496 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Enerflex by 59.8% during the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock worth $14,618,000 after purchasing an additional 708,153 shares during the last quarter. PCJ Investment Counsel Ltd. increased its stake in shares of Enerflex by 39.5% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock worth $10,432,000 after purchasing an additional 382,120 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Enerflex by 351.0% during the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock worth $8,747,000 after purchasing an additional 880,358 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Price Performance

EFXT traded up $0.01 during midday trading on Tuesday, hitting $10.76. The company had a trading volume of 337,015 shares, compared to its average volume of 395,194. The company has a market capitalization of $1.32 billion, a PE ratio of 10.35 and a beta of 2.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex Ltd. has a twelve month low of $5.40 and a twelve month high of $10.85. The firm's 50-day simple moving average is $9.11 and its 200-day simple moving average is $7.91.

Enerflex (NYSE:EFXT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $555.24 million. Equities research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.0375 per share. This is an increase from Enerflex's previous quarterly dividend of $0.03. The ex-dividend date was Monday, August 18th. This represents a $0.15 annualized dividend and a yield of 1.4%. Enerflex's dividend payout ratio is 10.58%.

Analyst Upgrades and Downgrades

EFXT has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating 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. Raymond James Financial reissued an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.