Caldwell Investment Management Ltd. bought a new stake in Enerflex Ltd. (NYSE:EFXT – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 411,000 shares of the company’s stock, valued at approximately $10,074,000. Enerflex comprises approximately 6.6% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 6th biggest position.
A number of other institutional investors also recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new stake in shares of Enerflex in the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC acquired a new position in Enerflex during the 4th quarter worth approximately $31,000. Plato Investment Management Ltd grew its holdings in Enerflex by 399.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after acquiring an additional 3,730 shares during the period. Deutsche Bank AG purchased a new stake in shares of Enerflex during the 2nd quarter worth $158,000. Finally, Gunderson Capital Management LLC acquired a new position in shares of Enerflex during the 1st quarter worth $203,000. 46.47% of the stock is owned by hedge funds and other institutional investors.
Enerflex Trading Up 1.2%
Shares of EFXT opened at $20.34 on Friday. Enerflex Ltd. has a one year low of $9.64 and a one year high of $29.15. The stock has a 50-day moving average price of $22.92 and a 200 day moving average price of $22.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market capitalization of $2.48 billion, a P/E ratio of 47.30 and a beta of 1.86.
Enerflex Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th. Enerflex’s dividend payout ratio is presently 27.91%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on EFXT. Weiss Ratings cut Enerflex from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Raymond James Financial upped their price target 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. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.17.
Get Our Latest Report on Enerflex
Enerflex 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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