T. Rowe Price Investment Management Inc. Has $71.24 Million Stock Holdings in Enerflex Ltd. $EFXT

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Enerflex Ltd. by 12.4%, now owning approximately 7.42% of the company, valued at $71.24 million.
• Enerflex has recently increased its quarterly dividend to $0.0375, representing an annualized dividend of $0.15, with a yield of 1.5%.
• Analysts have issued mixed ratings on Enerflex, with three analysts giving a "Buy" rating and one issuing a "Hold" rating; the stock has a consensus target price of $11.13.

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,215,648 shares of the company's stock after selling 1,301,313 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 7.42% of Enerflex worth $71,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP raised its holdings in Enerflex by 205.7% during the first quarter. Quantbot Technologies LP now owns 39,116 shares of the company's stock worth $302,000 after buying an additional 26,319 shares during the last quarter. Versor Investments LP grew its stake in shares of Enerflex by 256.7% in the 1st quarter. Versor Investments LP now owns 93,800 shares of the company's stock worth $725,000 after acquiring an additional 67,500 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in shares of Enerflex by 2.2% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company's stock worth $1,578,000 after acquiring an additional 4,486 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Enerflex by 131.8% in the 1st quarter. American Century Companies Inc. now owns 126,293 shares of the company's stock worth $976,000 after acquiring an additional 71,815 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Enerflex in the 1st quarter worth $517,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada upped their target price 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. BMO Capital Markets reiterated an "outperform" rating on shares of Enerflex in a research note on Friday, August 8th. CIBC reduced their target price on shares of Enerflex from $10.00 to $9.25 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.13.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $9.8510 on Friday. 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 market capitalization of $1.20 billion, a PE ratio of 9.47 and a beta of 2.00. Enerflex Ltd. has a twelve month low of $5.29 and a twelve month high of $10.61. The company has a 50-day moving average price of $8.32 and a two-hundred day moving average price of $7.77.

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

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's dividend payout ratio is presently 10.58%.

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.

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