Two Sigma Investments LP grew its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 263.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 659,690 shares of the company's stock after buying an additional 478,407 shares during the quarter. Two Sigma Investments LP owned 0.53% of Enerflex worth $6,564,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Enerflex by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company's stock valued at $463,000 after purchasing an additional 27,878 shares in the last quarter. XTX Topco Ltd acquired a new stake in Enerflex in the 4th quarter valued at about $299,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Enerflex during the 4th quarter valued at about $43,935,000. National Bank of Canada FI purchased a new position in Enerflex during the 4th quarter valued at about $4,495,000. Finally, Bank of America Corp DE increased its holdings in Enerflex by 1,046.0% during the 4th quarter. Bank of America Corp DE now owns 391,211 shares of the company's stock valued at $3,893,000 after acquiring an additional 357,073 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. CIBC dropped their target price on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a report on Friday, May 9th.
Read Our Latest Stock Analysis on Enerflex
Enerflex Trading Down 1.9%
NYSE EFXT traded down $0.14 during mid-day trading on Friday, reaching $7.04. 148,780 shares of the stock were exchanged, compared to its average volume of 299,035. The business's fifty day simple moving average is $6.94 and its 200 day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The stock has a market capitalization of $874.02 million, a PE ratio of -11.17 and a beta of 2.02. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61.
Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. The company had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. On average, research analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.
Enerflex Announces Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.0375 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, May 21st. Enerflex's dividend payout ratio is presently 16.95%.
Enerflex Profile
(
Free Report)
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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