TD Asset Management Inc Raises Position in Enerflex Ltd. (NYSE:EFXT)

TD Asset Management Inc raised its stake in Enerflex Ltd. (NYSE:EFXT - Free Report) by 59.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,891,990 shares of the company's stock after purchasing an additional 708,153 shares during the quarter. TD Asset Management Inc owned 1.52% of Enerflex worth $14,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Enerflex in the 4th quarter worth approximately $5,871,000. Two Sigma Investments LP grew its holdings 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 worth $6,564,000 after acquiring an additional 478,407 shares during the period. National Bank of Canada FI acquired a new stake in shares of Enerflex in the 4th quarter worth approximately $4,495,000. EAM Global Investors LLC acquired a new stake in shares of Enerflex in the 4th quarter worth approximately $3,785,000. Finally, Bank of America Corp DE grew its holdings in shares of Enerflex by 1,046.0% in the 4th quarter. Bank of America Corp DE now owns 391,211 shares of the company's stock worth $3,893,000 after acquiring an additional 357,073 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EFXT shares. Wall Street Zen cut Enerflex from a "buy" rating to a "hold" rating in a report on Friday, June 27th. CIBC lowered their price target on Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Royal Bank Of Canada lowered their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

Enerflex Price Performance

EFXT stock traded down $0.21 on Friday, reaching $7.78. The company had a trading volume of 328,326 shares, compared to its average volume of 236,474. Enerflex Ltd. has a 1 year low of $4.73 and a 1 year high of $10.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.83 and a current ratio of 1.12. The company's fifty day moving average is $7.81 and its 200 day moving average is $7.84. The company has a market cap of $953.06 million, a P/E ratio of 13.18 and a beta of 2.00.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Enerflex had a return on equity of 5.23% and a net margin of 3.18%. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. On average, research analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.0375 per share. This represents a dividend yield of 151.0%. The ex-dividend date of this dividend was Wednesday, May 21st. Enerflex's dividend payout ratio is currently 18.64%.

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.