Mackenzie Financial Corp decreased its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,582,747 shares of the company's stock after selling 475,424 shares during the quarter. Mackenzie Financial Corp owned about 3.69% of Enerflex worth $45,573,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Enerflex by 8.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,522 shares of the company's stock worth $173,000 after purchasing an additional 1,404 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Enerflex by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 63,885 shares of the company's stock worth $642,000 after purchasing an additional 2,828 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Enerflex by 4.9% in the 4th quarter. Bank of Nova Scotia now owns 90,717 shares of the company's stock worth $903,000 after purchasing an additional 4,258 shares in the last quarter. Barclays PLC raised its holdings in shares of Enerflex by 20.3% in the 4th quarter. Barclays PLC now owns 31,481 shares of the company's stock worth $314,000 after acquiring an additional 5,312 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Enerflex in the 4th quarter worth about $82,000. 46.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on EFXT shares. Royal Bank of Canada lowered 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. CIBC lowered 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.
Get Our Latest Research Report on Enerflex
Enerflex Stock Performance
EFXT stock traded up $0.03 during midday trading on Wednesday, hitting $7.23. The company's stock had a trading volume of 230,712 shares, compared to its average volume of 297,578. Enerflex Ltd. has a 1 year low of $4.60 and a 1 year high of $10.61. The stock has a market cap of $896.98 million, a price-to-earnings ratio of -11.47 and a beta of 2.02. The stock's 50-day moving average price is $6.97 and its 200 day moving average price is $8.36. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.
Enerflex (NYSE:EFXT - Get Free Report) last announced its 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 negative return on equity of 1.25% and a negative net margin of 3.15%. The firm had revenue of $552.00 million during the quarter, compared to analyst estimates of $583.59 million. On average, equities analysts forecast that Enerflex Ltd. will post 0.25 EPS for the current year.
Enerflex Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 22nd will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 1.51%. Enerflex's dividend payout ratio is 16.95%.
About Enerflex
(
Free Report)
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.
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