Enerflex Ltd. $EFXT Shares Sold by Spark Investment Management LLC

Spark Investment Management LLC decreased its stake in Enerflex Ltd. (NYSE:EFXT) by 92.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the company’s stock after selling 258,000 shares during the period. Enerflex makes up 0.5% of Spark Investment Management LLC’s portfolio, making the stock its 22nd biggest position. Spark Investment Management LLC’s holdings in Enerflex were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Enerflex by 42.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,282,450 shares of the company’s stock worth $48,555,000 after acquiring an additional 1,863,470 shares in the last quarter. Millennium Management LLC raised its stake in shares of Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after purchasing an additional 880,358 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 valued at $17,031,000 after purchasing an additional 752,893 shares during the period. NewGen Equity Long Short Fund acquired a new stake in Enerflex during the 2nd quarter valued at $5,628,000. Finally, TD Asset Management Inc increased its stake in Enerflex by 59.8% during the 1st quarter. TD Asset Management Inc now owns 1,891,990 shares of the company’s stock worth $14,618,000 after buying an additional 708,153 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EFXT shares. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Zacks Research lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Finally, Royal Bank Of Canada upped their target price on Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.13.

Enerflex Stock Up 1.4%

NYSE:EFXT opened at $13.05 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 1.24. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.86 and a beta of 2.03. Enerflex Ltd. has a one year low of $6.18 and a one year high of $13.74. The stock has a 50-day simple moving average of $11.71 and a 200 day simple moving average of $9.43.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $777.00 million for the quarter, compared to analyst estimates of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. Sell-side analysts predict that Enerflex Ltd. will post 0.25 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 1.3%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is 10.91%.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.