Intact Investment Management Inc. lessened its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 14.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,700 shares of the company's stock after selling 67,800 shares during the quarter. Intact Investment Management Inc. owned about 0.33% of Enerflex worth $6,177,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in EFXT. SG Americas Securities LLC purchased a new position in Enerflex during the 4th quarter valued at about $119,000. D Orazio & Associates Inc. grew its holdings in Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company's stock valued at $125,000 after buying an additional 1,497 shares in the last quarter. Shelton Capital Management purchased a new position in Enerflex during the 3rd quarter valued at about $136,000. Schonfeld Strategic Advisors LLC purchased a new position in Enerflex during the 3rd quarter valued at about $138,000. Finally, Prelude Capital Management LLC purchased a new position in Enerflex during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 46.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on EFXT. Royal Bank Of Canada lifted their target price on Enerflex from $20.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, April 14th. Zacks Research raised Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Enerflex in a report on Wednesday, January 21st. Wall Street Zen lowered Enerflex from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Finally, Raymond James Financial lowered Enerflex from a "strong-buy" rating to an "outperform" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.
Read Our Latest Analysis on EFXT
Enerflex Stock Performance
Shares of EFXT opened at $27.13 on Monday. The company has a market cap of $3.31 billion, a PE ratio of 53.19 and a beta of 1.93. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $22.05 and a 200-day moving average price of $17.52. Enerflex Ltd. has a 12-month low of $6.46 and a 12-month high of $27.26.
Enerflex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, March 11th. Enerflex's dividend payout ratio (DPR) is 23.53%.
Enerflex Company Profile
(
Free Report)
Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.
The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.
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