Legal & General Group Plc acquired a new position in shares of Enerflex Ltd. (NYSE:EFXT – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 148,444 shares of the company’s stock, valued at approximately $3,644,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Enerflex by 351.0% during 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after purchasing an additional 20,689 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Enerflex by 51.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after purchasing an additional 752,893 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Enerflex by 28.1% during the second quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after purchasing an additional 18,434 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Enerflex by 141.1% during the second quarter. American Century Companies Inc. now owns 304,467 shares of the company’s stock worth $2,404,000 after purchasing an additional 178,174 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on EFXT. Raymond James Financial lifted their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Enerflex from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings cut Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Royal Bank Of Canada lifted their target price on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, TD Securities reiterated a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.17.
Enerflex Price Performance
Shares of NYSE EFXT opened at $22.24 on Friday. The business has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $23.06. The stock has a market capitalization of $2.72 billion, a PE ratio of 51.72 and a beta of 1.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. Enerflex Ltd. has a fifty-two week low of $9.81 and a fifty-two week high of $29.15.
Enerflex (NYSE:EFXT – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $606.78 million. As a group, equities analysts predict that Enerflex Ltd. will post 1.34 earnings per share for the current fiscal year.
Enerflex Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued 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 of this dividend was Wednesday, August 19th. Enerflex’s dividend payout ratio is 27.91%.
About Enerflex
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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