Tacita Capital Inc bought a new stake in Enerflex Ltd. (NYSE:EFXT – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 51,368 shares of the company’s stock, valued at approximately $792,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Wyoming raised its holdings in shares of Enerflex by 11.4% in the fourth quarter. State of Wyoming now owns 22,679 shares of the company’s stock valued at $350,000 after buying an additional 2,319 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Enerflex by 31.8% in the fourth quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after buying an additional 518,639 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Enerflex by 32.5% in the fourth quarter. Cibc World Market Inc. now owns 660,755 shares of the company’s stock valued at $10,189,000 after buying an additional 162,037 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Enerflex by 9.5% in the fourth quarter. CIBC Asset Management Inc now owns 115,777 shares of the company’s stock valued at $1,786,000 after buying an additional 10,014 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Enerflex by 20.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 80,272 shares of the company’s stock valued at $1,239,000 after buying an additional 13,428 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.
Enerflex Trading Down 8.5%
Shares of Enerflex stock opened at $24.14 on Friday. Enerflex Ltd. has a 52-week low of $7.45 and a 52-week high of $29.15. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $24.64 and its 200-day simple moving average is $19.89. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 36.02 and a beta of 1.83.
Enerflex Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 20th. Enerflex’s payout ratio is 19.40%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on shares of Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Enerflex in a report on Friday, May 8th. Raymond James Financial boosted their price target on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.
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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