JPMorgan Chase & Co. Cuts Holdings in Enerflex Ltd. $EFXT

Key Points

• JPMorgan Chase & Co. trimmed its Enerflex stake by 16.1% in Q3, selling 68,950 shares and holding 359,434 shares worth about $3.88 million (≈0.30% of the company) at quarter-end.
• Dividend: Enerflex paid a $0.0425 quarterly dividend ($0.17 annualized) for a 0.8% yield and a dividend payout ratio of roughly 23.5%.
• Analysts carry an average rating of "Moderate Buy" with a consensus price target of $14.63—below the recent $20.10 share price—while institutional ownership is about 46.5%.

JPMorgan Chase & Co. trimmed its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,434 shares of the company's stock after selling 68,950 shares during the quarter. JPMorgan Chase & Co. owned about 0.30% of Enerflex worth $3,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 stake in shares of Enerflex during the 3rd quarter worth approximately $136,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Enerflex during the 3rd quarter valued at approximately $138,000. Prelude Capital Management LLC purchased a new position in shares of Enerflex in the third quarter valued at $147,000. Finally, Kathmere Capital Management LLC purchased a new position in shares of Enerflex in the third quarter valued at $152,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Down 0.5%

NYSE EFXT opened at $20.10 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $20.12 and a two-hundred day moving average of $15.79. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 39.41 and a beta of 1.83. Enerflex Ltd. has a 52 week low of $6.18 and a 52 week high of $23.82.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, March 11th. Enerflex's dividend payout ratio (DPR) is 23.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of Enerflex in a research note on Thursday, January 15th. Wall Street Zen cut shares of Enerflex from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Zacks Research upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Raymond James Financial downgraded shares of Enerflex from a "strong-buy" rating to an "outperform" rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Enerflex in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.63.

Enerflex Company Profile

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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