Y Intercept Hong Kong Ltd Lowers Stock Position in Enerflex Ltd. $EFXT

Y Intercept Hong Kong Ltd cut its stake in shares of Enerflex Ltd. (NYSE:EFXTFree Report) by 37.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,783 shares of the company’s stock after selling 47,306 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Enerflex were worth $1,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of Enerflex by 351.0% in the 1st quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Enerflex by 51.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after buying an additional 752,893 shares during the period. Geode Capital Management LLC lifted its stake in Enerflex by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after acquiring an additional 18,434 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Enerflex by 8.3% during the 2nd quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock worth $1,223,000 after acquiring an additional 11,920 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Down 1.4%

Enerflex stock opened at $24.08 on Friday. The stock has a market cap of $2.94 billion, a PE ratio of 35.93 and a beta of 1.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The stock’s fifty day moving average is $25.51 and its two-hundred day moving average is $21.58. Enerflex Ltd. has a 1-year low of $7.59 and a 1-year high of $29.15.

Enerflex (NYSE:EFXTGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The business had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. On average, sell-side analysts expect that Enerflex Ltd. will post 1.66 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio is 19.40%.

Analyst Ratings Changes

Several equities analysts have weighed in on EFXT shares. 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 report on Thursday, May 28th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. Weiss Ratings raised shares of Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, TD Securities reaffirmed a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.33.

Read Our Latest Research Report on Enerflex

Enerflex Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Enerflex (NYSE:EFXT)

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