Triasima Portfolio Management inc. Buys Shares of 138,270 Enerflex Ltd. $EFXT

Key Points

• Triasima Portfolio Management bought a new stake of 138,270 shares of Enerflex (NYSE:EFXT) in Q4, valued at about $2.13 million and representing roughly 0.11% of the company.
• Several other institutions also added or initiated positions (including U.S. Global, TD Waterhouse Canada, Zurcher Kantonalbank, Ritholtz and Baron Wealth), leaving institutions and hedge funds with about 46.47% ownership.
• Enerflex opened at $27.13 (near its one‑year high of $27.26), has a market cap of $3.31 billion, and carries a consensus analyst rating of “Moderate Buy” with an average price target of $25.75.

Triasima Portfolio Management inc. bought a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 138,270 shares of the company's stock, valued at approximately $2,134,000. Triasima Portfolio Management inc. owned approximately 0.11% of Enerflex as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EFXT. U S Global Investors Inc. acquired a new stake in shares of Enerflex during the fourth quarter worth $262,000. TD Waterhouse Canada Inc. lifted its stake in shares of Enerflex by 30.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 34,182 shares of the company's stock worth $525,000 after buying an additional 7,884 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Enerflex by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,996 shares of the company's stock worth $834,000 after buying an additional 14,900 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Enerflex by 13.5% during the fourth quarter. Ritholtz Wealth Management now owns 242,985 shares of the company's stock worth $3,749,000 after buying an additional 28,874 shares during the period. Finally, Baron Wealth Management LLC lifted its stake in shares of Enerflex by 64.2% during the fourth quarter. Baron Wealth Management LLC now owns 27,668 shares of the company's stock worth $427,000 after buying an additional 10,815 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Price Performance

NYSE:EFXT opened at $27.13 on Monday. Enerflex Ltd. has a one year low of $6.46 and a one year high of $27.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 53.19 and a beta of 1.93. The firm's fifty day moving average is $22.05 and its two-hundred day moving average is $17.52.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Enerflex's dividend payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

EFXT has been the subject of several research reports. Raymond James Financial downgraded shares of Enerflex from a "strong-buy" rating to an "outperform" rating in a research note on Tuesday, February 3rd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Enerflex from $16.75 to $25.50 and gave the stock a "neutral" rating in a research note on Thursday, April 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Enerflex in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Enerflex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of Enerflex from $20.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.75.

About Enerflex

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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