K.J. Harrison & Partners Inc Sells 50,000 Shares of Enerflex Ltd. (NYSE:EFXT)

K.J. Harrison & Partners Inc trimmed its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421,919 shares of the company's stock after selling 50,000 shares during the quarter. K.J. Harrison & Partners Inc owned about 0.34% of Enerflex worth $3,264,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Hillsdale Investment Management Inc. increased its position in Enerflex by 3,307.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock worth $48,685,000 after acquiring an additional 4,752,201 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Enerflex in the 4th quarter valued at about $43,935,000. Bank of Montreal Can increased its holdings in Enerflex by 44.4% in the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock valued at $7,010,000 after buying an additional 216,839 shares during the period. Two Sigma Investments LP increased its holdings in Enerflex by 263.9% in the 4th quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after buying an additional 478,407 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Enerflex in the 4th quarter valued at about $5,871,000. 46.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EFXT has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen lowered shares of Enerflex from a "buy" rating to a "hold" rating in a report on Friday. Finally, CIBC decreased their target price on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a report on Friday, May 9th.

Enerflex Price Performance

EFXT stock opened at $7.82 on Friday. The firm has a market cap of $961.87 million, a P/E ratio of 13.25 and a beta of 1.98. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. The company's 50-day moving average price is $7.21 and its two-hundred day moving average price is $8.17. Enerflex Ltd. has a 12 month low of $4.73 and a 12 month high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last announced 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. The company had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. Enerflex had a net margin of 3.18% and a return on equity of 5.23%. On average, analysts anticipate that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 22nd were issued a dividend of $0.0375 per share. This represents a dividend yield of 1.51%. The ex-dividend date was Wednesday, May 21st. Enerflex's dividend payout ratio (DPR) is presently 18.64%.

Enerflex Company Profile

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.