Enerflex Ltd. $EFXT Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly increased its stake in Enerflex Ltd. by 131.8%, owning 126,293 shares valued at approximately $976,000 as of the latest SEC filing.
• Enerflex recently reported a quarterly earnings per share (EPS) of $0.49, well above the consensus estimate of $0.07, contributing to a revenue of $615 million for the quarter.
• The company has announced an increase in its quarterly dividend to $0.0375 per share, representing an annualized yield of 1.5%, with a payout ratio of 10.58%.

American Century Companies Inc. raised its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 131.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,293 shares of the company's stock after purchasing an additional 71,815 shares during the quarter. American Century Companies Inc. owned 0.10% of Enerflex worth $976,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 position in shares of Enerflex by 8.6% during the first quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company's stock valued at $38,459,000 after acquiring an additional 394,496 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Enerflex by 59.8% in the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock valued at $14,618,000 after acquiring an additional 708,153 shares during the period. PCJ Investment Counsel Ltd. raised its stake in shares of Enerflex by 39.5% in the 1st quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock valued at $10,432,000 after acquiring an additional 382,120 shares during the period. Finally, Two Sigma Investments LP raised its stake 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 acquiring an additional 478,407 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Price Performance

Shares of NYSE EFXT opened at $10.20 on Thursday. The stock's 50-day moving average is $8.67 and its two-hundred day moving average is $7.81. 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 1-year low of $5.29 and a 1-year high of $10.61. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 9.80 and a beta of 2.01.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.21% and a net margin of 5.54%.The business had revenue of $615.00 million during the quarter, compared to analysts' expectations of $555.24 million. Analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on EFXT. CIBC lowered their price objective on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research report on Friday, May 9th. Raymond James Financial restated an "outperform" rating on shares of Enerflex in a research report on Friday, August 8th. Wall Street Zen raised Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Finally, Royal Bank Of Canada raised their target price on Enerflex from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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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