TD Waterhouse Canada Inc. trimmed its holdings in Enerflex Ltd. (NYSE:EFXT – Free Report) by 57.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 235,961 shares of the company’s stock after selling 322,049 shares during the period. TD Waterhouse Canada Inc.’s holdings in Enerflex were worth $5,975,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Enerflex in the second quarter worth about $330,515,000. Bank of America Corp DE grew its position in shares of Enerflex by 51.4% during the first quarter. Bank of America Corp DE now owns 1,293,472 shares of the company’s stock worth $27,059,000 after purchasing an additional 438,920 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Enerflex by 33.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,011 shares of the company’s stock valued at $25,268,000 after purchasing an additional 303,398 shares during the period. Cibc World Market Inc. bought a new stake in Enerflex during the 2nd quarter valued at approximately $15,851,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Enerflex during the 2nd quarter valued at approximately $12,082,000. Institutional investors own 46.47% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on EFXT shares. Wall Street Zen cut Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price objective on shares of Enerflex from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday. Zacks Research cut shares of Enerflex from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce set a $35.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.67.
Read Our Latest Analysis on Enerflex
Enerflex Stock Performance
NYSE:EFXT opened at $24.57 on Tuesday. 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 1 year low of $10.79 and a 1 year high of $29.15. The stock’s 50 day simple moving average is $22.59 and its two-hundred day simple moving average is $23.62. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 22.64 and a beta of 1.80.
Enerflex (NYSE:EFXT – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $606.78 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. As a group, equities analysts anticipate that Enerflex Ltd. will post 1.32 earnings per share for the current fiscal year.
Enerflex Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a C$0.04 dividend. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, August 19th. Enerflex’s payout ratio is currently 27.91%.
Enerflex Profile
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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