Nuveen LLC Buys New Holdings in Enerflex Ltd. $EFXT

Nuveen LLC purchased a new position in Enerflex Ltd. (NYSE:EFXT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,775 shares of the company's stock, valued at approximately $840,000. Nuveen LLC owned approximately 0.09% of Enerflex at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Enerflex by 1,046.0% in the fourth quarter. Bank of America Corp DE now owns 391,211 shares of the company's stock worth $3,893,000 after purchasing an additional 357,073 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Enerflex during the 1st quarter valued at about $348,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Enerflex during the 4th quarter valued at about $401,000. Lazard Asset Management LLC acquired a new stake in shares of Enerflex during the 4th quarter valued at about $82,000. Finally, Millennium Management LLC lifted its holdings in shares of Enerflex by 1,158.8% during the 4th quarter. Millennium Management LLC now owns 250,786 shares of the company's stock valued at $2,495,000 after buying an additional 230,864 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Performance

NYSE EFXT traded down $0.28 during trading on Friday, hitting $10.02. The company's stock had a trading volume of 281,714 shares, compared to its average volume of 556,178. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $8.76 and a 200 day moving average price of $7.80. The firm has a market cap of $1.22 billion, a P/E ratio of 9.63 and a beta of 2.01. Enerflex Ltd. has a 52 week low of $5.29 and a 52 week high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.07 by $0.42. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $555.24 million. Enerflex had a return on equity of 10.21% and a net margin of 5.54%. Equities research analysts forecast that Enerflex Ltd. will post 0.25 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This is a boost from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.5%. Enerflex's dividend payout ratio is 10.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Wall Street Zen upgraded Enerflex from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on Enerflex from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Enerflex in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.13.

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.