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) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,375 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Enerflex by 42.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company's stock valued at $48,555,000 after buying an additional 1,863,470 shares during the last quarter. TD Asset Management Inc grew its position in shares of Enerflex by 59.8% in the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company's stock valued at $14,618,000 after buying an additional 708,153 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Enerflex by 263.9% in the 4th quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after purchasing an additional 478,407 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Enerflex by 8.6% in the 1st 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 during the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its position in shares of Enerflex by 39.5% in the 1st quarter. PCJ Investment Counsel Ltd. now owns 1,349,730 shares of the company's stock valued at $10,432,000 after purchasing an additional 382,120 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Enerflex Stock Performance

Enerflex stock traded up $0.09 during midday trading on Friday, hitting $10.58. 240,182 shares of the company's stock were exchanged, compared to its average volume of 469,954. Enerflex Ltd. has a 12-month low of $5.30 and a 12-month high of $10.67. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 11.79 and a beta of 2.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 1.19. The firm's 50 day simple moving average is $8.99 and its 200 day simple moving average is $7.87.

Enerflex (NYSE:EFXT - Get Free Report) last released its earnings results 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 analysts' expectations of $555.24 million. Equities research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.0375 dividend. 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 dividend 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.