Plato Investment Management Ltd Sells 51,897 Shares of Enerflex Ltd. $EFXT

Key Points

• Plato Investment Management Ltd has reduced its stake in Enerflex Ltd by 67.5%, selling 51,897 shares, and now holds 24,936 shares valued at $195,000.
• Goldman Sachs Group Inc. significantly increased its holdings in Enerflex by 51.9%, while other firms like Jones Financial and NewEdge Advisors made dramatic increases, reflecting institutional interest in the stock.
• Enerflex recently reported earnings of $0.49 EPS, exceeding estimates, and announced a quarterly dividend increase to $0.0375 per share, resulting in a dividend yield of 1.4%.

Plato Investment Management Ltd reduced its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 67.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 24,936 shares of the company's stock after selling 51,897 shares during the period. Plato Investment Management Ltd's holdings in Enerflex were worth $195,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock valued at $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Enerflex by 278,359.0% in the first quarter. Jones Financial Companies Lllp now owns 373,135 shares of the company's stock valued at $2,884,000 after acquiring an additional 373,001 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company's stock valued at $176,000 after acquiring an additional 20,689 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock valued at $8,747,000 after acquiring an additional 880,358 shares in the last quarter. Finally, PDT Partners LLC grew its holdings in shares of Enerflex by 26.8% in the first quarter. PDT Partners LLC now owns 56,775 shares of the company's stock valued at $439,000 after acquiring an additional 12,015 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Enerflex Trading Up 1.9%

NYSE:EFXT opened at $10.50 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 10.10 and a beta of 2.01. The stock's fifty day moving average price is $8.94 and its two-hundred day moving average price is $7.85. Enerflex Ltd. has a 1 year low of $5.30 and a 1 year high of $10.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.88.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.42. The firm 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%. As a group, analysts expect that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.0375 per share. This is an increase from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 18th. Enerflex's dividend payout ratio (DPR) is currently 10.58%.

Analyst Upgrades and Downgrades

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

Enerflex 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.

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