Jupiter Asset Management Ltd. Takes $348,000 Position in Enerflex Ltd. (NYSE:EFXT)

Jupiter Asset Management Ltd. purchased a new stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,101 shares of the company's stock, valued at approximately $348,000.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Enerflex in the fourth quarter worth approximately $82,000. Bank of New York Mellon Corp acquired a new position in shares of Enerflex in the first quarter worth approximately $130,000. TD Waterhouse Canada Inc. lifted its stake in shares of Enerflex by 8.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after acquiring an additional 1,404 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Enerflex in the fourth quarter worth approximately $185,000. Finally, Scotia Capital Inc. acquired a new position in shares of Enerflex in the fourth quarter worth approximately $206,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Enerflex Price Performance

Shares of EFXT opened at $7.77 on Tuesday. Enerflex Ltd. has a 52-week low of $4.73 and a 52-week 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 business's 50 day moving average price is $7.82 and its two-hundred day moving average price is $7.81. The firm has a market cap of $951.83 million, a PE ratio of 13.16 and a beta of 2.00.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Dividend Announcement

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

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.

Want to see what other hedge funds are holding EFXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enerflex Ltd. (NYSE:EFXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.