Lazard Asset Management LLC Purchases 93,545 Shares of Enerflex Ltd. $EFXT

Lazard Asset Management LLC boosted its holdings in shares of Enerflex Ltd. (NYSE:EFXTFree Report) by 32.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 382,333 shares of the company’s stock after purchasing an additional 93,545 shares during the period. Lazard Asset Management LLC’s holdings in Enerflex were worth $7,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of Enerflex by 351.0% in the first 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 in the last quarter. Man Group plc lifted its holdings in shares of Enerflex by 433.7% during the 2nd quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after purchasing an additional 869,156 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 purchasing an additional 752,893 shares during the period. TD Asset Management Inc increased its stake in Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock worth $33,215,000 after purchasing an additional 518,639 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Enerflex by 2,060.8% during the 4th quarter. Fiera Capital Corp now owns 536,529 shares of the company’s stock worth $8,274,000 after buying an additional 511,699 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EFXT has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” 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 stock an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Raymond James Financial boosted their price objective on shares of Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $30.00 price target on shares of Enerflex in a research report on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

View Our Latest Stock Analysis on Enerflex

Enerflex Trading Up 4.5%

Shares of Enerflex stock opened at $22.07 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. The business has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $22.41. Enerflex Ltd. has a 1 year low of $7.59 and a 1 year high of $29.15. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 32.95 and a beta of 1.83.

Enerflex (NYSE:EFXTGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $584.00 million for the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. Research analysts forecast that Enerflex Ltd. will post 1.63 EPS for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 19.40%.

Enerflex 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.

See Also

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Institutional Ownership by Quarter for Enerflex (NYSE:EFXT)

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