Triasima Portfolio Management inc. Sells 126,313 Shares of Enerflex Ltd. $EFXT

Triasima Portfolio Management inc. lowered its stake in shares of Enerflex Ltd. (NYSE:EFXT – Free Report) by 48.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,511 shares of the company’s stock after selling 126,313 shares during the quarter. Triasima Portfolio Management inc. owned approximately 0.11% of Enerflex worth $3,068,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. boosted its stake in Enerflex by 694.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company’s stock valued at $4,829,000 after acquiring an additional 185,086 shares during the last quarter. Wellington Altus USA Inc. purchased a new stake in shares of Enerflex during the 2nd quarter worth approximately $185,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Enerflex during the 2nd quarter worth approximately $79,000. TD Waterhouse Canada Inc. raised its holdings in shares of Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after purchasing an additional 238,574 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $8,500,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $24.52 on Friday. The firm has a market capitalization of $2.99 billion, a PE ratio of 23.43 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $22.41 and a two-hundred day moving average price of $23.56. Enerflex Ltd. has a twelve month low of $10.57 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT – Get Free Report) last posted its quarterly 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). The business had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Equities analysts forecast that Enerflex Ltd. will post 1.32 EPS for the current year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a C$0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is 27.91%.

Wall Street Analyst Weigh In

EFXT has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on Enerflex from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen downgraded Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Acumen Capital raised Enerflex to a “strong-buy” rating in a research report on Friday, October 2nd. Weiss Ratings upgraded Enerflex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Zacks Research cut Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Check Out Our Latest Report on Enerflex

Enerflex Company Profile

(Free Report)

Enerflex Ltd. (NYSE: EFXT) is a global provider of natural gas infrastructure and energy solutions. The company designs, engineers, manufactures, commissions and operates equipment and facilities used to process, compress, treat and transport natural gas and other hydrocarbons.

Its products and services include natural gas compression, gas processing and treating systems, refrigeration and power-generation equipment, and related engineering, procurement and construction services. Enerflex also provides aftermarket support, including parts, maintenance, technical services and contract operations for energy infrastructure.

Headquartered in Calgary, Alberta, Enerflex serves energy producers and infrastructure operators across multiple international markets, including North America, Latin America, the Middle East and Australia.

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Institutional Ownership by Quarter for Enerflex (NYSE:EFXT)

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