TD Waterhouse Canada Inc. Has $13.17 Million Stock Position in Enerflex Ltd. $EFXT

Key Points

• TD Waterhouse Canada increased its Enerflex stake by 74.7% in the second quarter, bringing its holdings to 558,010 shares valued at approximately $13.17 million. Institutional investors and hedge funds collectively own 46.47% of the company.
• Analyst sentiment remains generally positive, with five Buy, two Hold and one Sell rating, resulting in a “Moderate Buy” consensus and an average price target of $35.17. However, some firms recently downgraded the stock, including Zacks Research to “Strong Sell.”
• Enerflex shares opened at $22.24, while the company’s latest quarter fell short of expectations, reporting $0.25 in adjusted earnings per share and $582 million in revenue. The company also pays a quarterly dividend of $0.0425 per share, for an annualized yield of 0.8%.

TD Waterhouse Canada Inc. grew its stake in Enerflex Ltd. (NYSE:EFXT - Free Report) by 74.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 558,010 shares of the company's stock after purchasing an additional 238,574 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.46% of Enerflex worth $13,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Millennium Management LLC boosted its stake in Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company's stock valued at $8,747,000 after buying an additional 880,358 shares in the last quarter. NewEdge Advisors LLC grew its position in 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 during the period. Goldman Sachs Group Inc. raised its stake in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company's stock worth $17,031,000 after acquiring an additional 752,893 shares in the last quarter. Geode Capital Management LLC raised its stake in Enerflex by 28.1% during the second quarter. Geode Capital Management LLC now owns 83,987 shares of the company's stock worth $665,000 after acquiring an additional 18,434 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Enerflex by 8.3% during the second quarter. Legal & General Group Plc now owns 155,243 shares of the company's stock valued at $1,223,000 after acquiring an additional 11,920 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EFXT has been the topic of several analyst reports. Zacks Research lowered shares of Enerflex from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Raymond James Financial lifted their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of Enerflex from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a research note on Monday, August 10th. Finally, Wall Street Zen lowered shares of Enerflex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.17.

Enerflex Stock Up 0.6%

Shares of NYSE:EFXT opened at $22.24 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.72 billion, a P/E ratio of 51.72 and a beta of 1.84. Enerflex Ltd. has a 12 month low of $9.81 and a 12 month high of $29.15. The company's 50-day moving average price is $22.17 and its two-hundred day moving average price is $23.06.

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

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.8%. Enerflex's dividend payout ratio is currently 27.91%.

Enerflex Company Profile

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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