Spark Investment Management LLC bought a new stake in Enerflex Ltd. (NYSE:EFXT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the company’s stock, valued at approximately $925,000. Enerflex comprises 2.3% of Spark Investment Management LLC’s portfolio, making the stock its 13th biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cibc World Market Inc. increased its position in Enerflex by 267.3% during the third quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after buying an additional 362,939 shares during the last quarter. Caprock Group LLC acquired a new position in Enerflex during the third quarter worth approximately $271,000. Hillsdale Investment Management Inc. increased its position in Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after buying an additional 3,824,093 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Enerflex during the fourth quarter worth approximately $2,134,000. Finally, Quantbot Technologies LP increased its position in Enerflex by 160.4% during the third quarter. Quantbot Technologies LP now owns 53,917 shares of the company’s stock worth $581,000 after buying an additional 33,212 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.
Enerflex Trading Down 0.1%
Shares of EFXT stock opened at $24.14 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.95 billion, a P/E ratio of 36.02 and a beta of 1.83. The stock has a 50 day simple moving average of $24.64 and a 200 day simple moving average of $19.94. Enerflex Ltd. has a 1 year low of $7.45 and a 1 year high of $29.15.
Enerflex Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.0425 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.7%. Enerflex’s dividend payout ratio is presently 19.40%.
Wall Street Analysts Forecast Growth
EFXT has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Enerflex in a research report on Friday, May 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.
View Our Latest Stock Report on EFXT
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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