Purpose Unlimited Inc. purchased a new stake in shares of Enerflex Ltd. (NYSE:EFXT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 457,349 shares of the company’s stock, valued at approximately $7,051,000.
Several other hedge funds have also made changes to their positions in EFXT. Smartleaf Asset Management LLC acquired a new position in Enerflex in the 4th quarter worth approximately $31,000. Plato Investment Management Ltd raised its stake in Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC acquired a new stake in Enerflex during the 4th quarter valued at $119,000. D Orazio & Associates Inc. lifted its holdings in shares of Enerflex by 14.8% in the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Enerflex in the third quarter valued at $136,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.
Enerflex Stock Performance
Shares of NYSE EFXT opened at $24.11 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. Enerflex Ltd. has a one year low of $7.54 and a one year high of $29.15. The business’s 50-day moving average price is $25.34 and its two-hundred day moving average price is $20.63. The company has a market capitalization of $2.94 billion, a P/E ratio of 35.99 and a beta of 1.83.
Enerflex Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.0425 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s dividend payout ratio is currently 17.91%.
Analyst Upgrades and Downgrades
EFXT has been the subject of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Zacks Research upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Raymond James Financial lifted their target price on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, National Bank Financial upgraded Enerflex from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.33.
Get Our Latest Report on Enerflex
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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