Mackenzie Financial Corp decreased its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EFXT. JPMorgan Chase & Co. increased its stake in Enerflex by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company's stock valued at $463,000 after purchasing an additional 27,878 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Enerflex in the 4th quarter valued at $299,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Enerflex in the 4th quarter worth $43,935,000. National Bank of Canada FI acquired a new stake in Enerflex during the 4th quarter worth about $4,495,000. Finally, CIBC Asset Management Inc acquired a new stake in Enerflex during the 4th quarter worth about $1,364,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.
Enerflex Stock Performance
EFXT traded down $0.16 during midday trading on Friday, hitting $7.03. 58,581 shares of the company were exchanged, compared to its average volume of 296,791. The company's 50 day simple moving average is $6.96 and its 200 day simple moving average is $8.36. The firm has a market capitalization of $872.15 million, a price-to-earnings ratio of -11.15 and a beta of 2.02. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.
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 analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $552.00 million during the quarter, compared to the consensus estimate of $583.59 million. Enerflex had a negative return on equity of 1.25% and a negative net margin of 3.15%. As a group, sell-side analysts predict that Enerflex Ltd. will post 0.25 earnings per share for the current year.
Enerflex Announces Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 22nd will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, May 21st. This represents a yield of 1.51%. Enerflex's payout ratio is 16.95%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. CIBC reduced their price objective on Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research note on Friday, May 9th. Royal Bank of Canada cut their price target 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.
View Our Latest Research Report on Enerflex
Enerflex Company Profile
(
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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