Enerflex Ltd. $EFXT Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its holdings in Enerflex Ltd. by 205.7% during Q1, now owning 39,116 shares valued at $302,000.
• Enerflex has received favorable ratings from several analysts, with a consensus rating of "Moderate Buy" and a price target of $11.13 following a recent earnings report beating expectations.
• The company recently announced a quarterly dividend increase to $0.0375 per share, representing an annualized yield of 1.5%, up from their previous dividend of $0.03.

Quantbot Technologies LP boosted its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 205.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,116 shares of the company's stock after purchasing an additional 26,319 shares during the quarter. Quantbot Technologies LP's holdings in Enerflex were worth $302,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Enerflex by 42.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company's stock valued at $48,555,000 after purchasing an additional 1,863,470 shares in the last quarter. Mackenzie Financial Corp raised its stake in Enerflex by 8.6% during the first quarter. Mackenzie Financial Corp now owns 4,977,243 shares of the company's stock valued at $38,459,000 after purchasing an additional 394,496 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Enerflex by 59.8% in the first quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock valued at $14,618,000 after acquiring an additional 708,153 shares during the period. PCJ Investment Counsel Ltd. raised its stake in shares of Enerflex by 39.5% in the first quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock valued at $10,432,000 after acquiring an additional 382,120 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Enerflex by 263.9% in the fourth quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after acquiring an additional 478,407 shares during the period. Hedge funds and other institutional investors own 46.47% of the company's stock.

Wall Street Analysts Forecast Growth

EFXT has been the topic of several recent analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Wall Street Zen raised shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada raised their price target on shares of Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. CIBC reduced their price target on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Three 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.13.

Enerflex Stock Performance

NYSE EFXT traded up $0.01 on Monday, hitting $10.08. 361,679 shares of the company's stock traded hands, compared to its average volume of 640,930. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. Enerflex Ltd. has a 1-year low of $5.29 and a 1-year high of $10.61. The firm's 50-day moving average price is $8.52 and its two-hundred day moving average price is $7.77. The firm has a market capitalization of $1.23 billion, a PE ratio of 9.70 and a beta of 2.01.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.42. The firm had revenue of $615.00 million during the quarter, compared to analyst estimates of $555.24 million. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. As a group, analysts expect that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

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

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.