Enerflex Ltd. (NYSE:EFXT) Shares Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in Enerflex Ltd. by 8.6%, owning approximately 4.01% of the company, which is valued at $38.46 million.
• Enerflex reported earnings of $0.19 per share for the last quarter, exceeding analysts' expectations, although its revenue of $552 million fell short of estimates.
• The company recently declared a dividend of $0.0375 per share, representing a yield of 1.51% with a payout ratio of 18.64%.

Mackenzie Financial Corp increased its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,977,243 shares of the company's stock after purchasing an additional 394,496 shares during the quarter. Mackenzie Financial Corp owned 4.01% of Enerflex worth $38,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in shares of Enerflex by 59.8% during the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock worth $14,618,000 after purchasing an additional 708,153 shares in the last quarter. Bank of Montreal Can lifted its holdings in Enerflex by 44.4% during the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock worth $7,010,000 after buying an additional 216,839 shares in the last quarter. Two Sigma Investments LP boosted its position 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. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enerflex in the fourth quarter worth $5,871,000. Finally, Two Sigma Advisers LP increased its position in shares of Enerflex by 74.4% during the fourth quarter. Two Sigma Advisers LP now owns 484,344 shares of the company's stock worth $4,819,000 after acquiring an additional 206,559 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enerflex Stock Down 2.6%

NYSE:EFXT traded down $0.21 during trading hours on Friday, hitting $7.78. The company's stock had a trading volume of 328,326 shares, compared to its average volume of 236,474. Enerflex Ltd. has a 52-week low of $4.73 and a 52-week 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 $953.06 million, a P/E ratio of 13.18 and a beta of 2.00. The stock has a fifty day moving average of $7.81 and a 200-day moving average of $7.86.

Enerflex (NYSE:EFXT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. Enerflex had a net margin of 3.18% and a return on equity of 5.23%. The firm had revenue of $552.00 million for the quarter, compared to analyst estimates of $583.59 million. On average, equities analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Announces Dividend

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