Public Employees Retirement System of Ohio Takes Position in Enerflex Ltd. $EFXT

Key Points

• Public Employees Retirement System of Ohio bought 171,880 Enerflex shares worth approximately $4.2 million, giving it a 0.14% stake. Institutional investors collectively own 46.47% of the company.
• Analyst sentiment remains broadly positive, with five Buy, two Hold, and one Sell rating; Enerflex has a consensus rating of Moderate Buy and an average price target of $35.17.
• Enerflex missed quarterly expectations, reporting $0.25 in earnings per share versus the $0.31 estimate and revenue of $582 million versus $606.78 million expected. The company also pays a quarterly dividend of $0.0425, representing a 0.8% annual yield.

Public Employees Retirement System of Ohio bought a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 171,880 shares of the company's stock, valued at approximately $4,219,000. Public Employees Retirement System of Ohio owned 0.14% of Enerflex at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in shares of Enerflex during the second quarter valued at $30,000. Smartleaf Asset Management LLC bought a new position in Enerflex in the 4th quarter valued at about $31,000. Plato Investment Management Ltd increased its stake in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company's stock valued at $72,000 after buying an additional 3,730 shares during the period. Deutsche Bank AG bought a new stake in shares of Enerflex during the 2nd quarter worth about $158,000. Finally, Gunderson Capital Management LLC acquired a new stake in shares of Enerflex in the 1st quarter worth approximately $203,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research cut Enerflex from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Royal Bank Of Canada boosted their price objective on Enerflex from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, May 28th. National Bank Financial raised Enerflex from a "sector perform" rating to an "outperform" rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Enerflex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Raymond James Financial raised their price objective on shares of Enerflex from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.17.

Enerflex Trading Up 3.7%

NYSE:EFXT opened at $22.10 on Friday. The stock has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $23.06. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 51.40 and a beta of 1.84. Enerflex Ltd. has a 1-year low of $9.81 and a 1-year high of $29.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49.

Enerflex (NYSE:EFXT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.06). Enerflex had a net margin of 2.06% and a return on equity of 11.76%. The firm had revenue of $582.00 million for the quarter, compared to analysts' expectations of $606.78 million. Sell-side analysts forecast that Enerflex Ltd. will post 1.34 earnings per share for the current year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex's dividend payout ratio (DPR) is 27.91%.

About Enerflex

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.

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