111,703 Shares in Enerflex Ltd. (NYSE:EFXT) Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 111,703 shares of the company's stock, valued at approximately $863,000. Envestnet Asset Management Inc. owned approximately 0.09% of Enerflex as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Enerflex in the 4th quarter valued at approximately $5,871,000. Two Sigma Investments LP lifted its holdings in shares of Enerflex by 263.9% during the fourth quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock worth $6,564,000 after purchasing an additional 478,407 shares during the period. National Bank of Canada FI purchased a new position in Enerflex during the 4th quarter worth approximately $4,495,000. EAM Global Investors LLC purchased a new stake in shares of Enerflex in the 4th quarter valued at $3,785,000. Finally, Bank of America Corp DE increased its stake in shares of Enerflex by 1,046.0% in the fourth 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. Institutional investors own 46.47% of the company's stock.

Enerflex Trading Up 10.3%

EFXT stock traded up $0.84 during midday trading on Thursday, hitting $8.91. 495,734 shares of the company's stock were exchanged, compared to its average volume of 380,183. Enerflex Ltd. has a 1-year low of $5.29 and a 1-year high of $10.61. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.09 billion, a PE ratio of 15.11 and a beta of 2.00. The business has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $7.81.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.07 by $0.42. Enerflex had a net margin of 3.18% and a return on equity of 5.23%. On average, sell-side analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is presently 18.64%.

Wall Street Analysts Forecast Growth

EFXT has been the subject of a number of analyst reports. CIBC decreased 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. Royal Bank Of Canada reduced their target price on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen lowered Enerflex from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

About Enerflex

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.