Enerflex Ltd. $EFXT Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its Enerflex stake by 57.7% in the third quarter, selling 322,049 shares and retaining 235,961 shares valued at approximately $5.98 million. Institutional investors collectively own 46.47% of the company.
• Enerflex shares opened at $24.57, with the company valued at roughly $3.0 billion. Its latest quarterly results missed expectations, reporting $0.25 in EPS versus the $0.31 consensus and revenue of $582 million versus $606.78 million expected.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $38.67. Enerflex also pays a quarterly dividend of C$0.04, equivalent to an annualized yield of about 0.7%.

TD Waterhouse Canada Inc. lessened its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 57.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,961 shares of the company's stock after selling 322,049 shares during the period. TD Waterhouse Canada Inc. owned about 0.19% of Enerflex worth $5,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EFXT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Enerflex during the second quarter valued at approximately $330,515,000. Bank of America Corp DE increased its holdings in Enerflex by 51.4% during the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company's stock valued at $27,059,000 after buying an additional 438,920 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Enerflex by 33.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company's stock worth $25,268,000 after acquiring an additional 303,398 shares during the period. Cibc World Market Inc. bought a new position in Enerflex in the second quarter worth approximately $15,851,000. Finally, The Manufacturers Life Insurance Company bought a new position in Enerflex in the second quarter worth approximately $12,082,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Trading Down 1.3%

Shares of NYSE:EFXT opened at $24.57 on Tuesday. The stock has a 50 day moving average of $22.59 and a 200 day moving average of $23.62. The company has a market cap of $3.00 billion, a PE ratio of 22.64 and a beta of 1.80. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex Ltd. has a 12-month low of $10.79 and a 12-month high of $29.15.

Enerflex (NYSE:EFXT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%. The firm had revenue of $582.00 million during the quarter, compared to analysts' expectations of $606.78 million. As a group, equities research analysts expect that Enerflex Ltd. will post 1.32 EPS for the current year.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a C$0.04 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 19th. Enerflex's dividend payout ratio is presently 27.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EFXT shares. Acumen Capital raised shares of Enerflex to a "strong-buy" rating in a research report on Friday, October 2nd. Canadian Imperial Bank of Commerce set a $35.00 price objective on Enerflex and gave the stock an "outperform" rating in a research note on Tuesday, October 13th. Royal Bank Of Canada raised their target price on Enerflex from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, October 14th. Wall Street Zen cut Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Enerflex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.67.

Enerflex Profile

Enerflex Ltd. NYSE: EFXT is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.

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