30,375 Shares in Enerflex Ltd. $EFXT Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired a new position in Enerflex Ltd., purchasing 30,375 shares valued at approximately $235,000.
• A significant increase in institutional investment was noted, with Bank of America Corp DE raising its holdings in Enerflex by over 1,000% in the last quarter.
• Enerflex recently increased its dividend to $0.0375 per share, reflecting a positive change from its previous rate and highlighting a 1.5% dividend yield.

Trexquant Investment LP acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,375 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwest & Ethical Investments L.P. lifted its position in Enerflex by 2.2% during the first quarter. Northwest & Ethical Investments L.P. now owns 204,109 shares of the company's stock worth $1,578,000 after purchasing an additional 4,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enerflex by 21.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,096 shares of the company's stock worth $302,000 after acquiring an additional 6,793 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Enerflex by 13.9% in the first quarter. Russell Investments Group Ltd. now owns 63,920 shares of the company's stock worth $494,000 after acquiring an additional 7,797 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Enerflex in the fourth quarter worth about $82,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Enerflex in the first quarter worth about $130,000. Institutional investors own 46.47% of the company's stock.

Wall Street Analyst Weigh In

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

Enerflex Trading Up 1.7%

NYSE:EFXT traded up $0.18 on Monday, reaching $10.76. 452,930 shares of the stock traded hands, compared to its average volume of 447,134. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 10.34 and a beta of 2.01. Enerflex Ltd. has a 1-year low of $5.30 and a 1-year high of $10.78. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The company's 50 day moving average is $9.05 and its 200-day moving average is $7.89.

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

Enerflex Increases Dividend

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

About Enerflex

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.