Global IMC LLC purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 275,365 shares of the company’s stock, valued at approximately $4,251,000. Enerflex accounts for 18.2% of Global IMC LLC’s investment portfolio, making the stock its biggest holding. Global IMC LLC owned about 0.23% of Enerflex as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Plato Investment Management Ltd grew its holdings in shares of Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock worth $72,000 after purchasing an additional 3,730 shares during the period. SG Americas Securities LLC purchased a new position in shares of Enerflex during the 4th quarter worth $119,000. D Orazio & Associates Inc. grew its holdings in shares of Enerflex by 14.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock worth $125,000 after purchasing an additional 1,497 shares during the period. Shelton Capital Management purchased a new position in shares of Enerflex during the 3rd quarter worth $136,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Enerflex during the 3rd quarter worth $138,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.
Enerflex Price Performance
EFXT stock opened at $23.85 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market capitalization of $2.91 billion, a P/E ratio of 35.60 and a beta of 1.83. The business’s 50-day moving average is $24.84 and its two-hundred day moving average is $20.18. Enerflex Ltd. has a 1 year low of $7.54 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. Stockholders of record on Wednesday, May 20th were given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 19.40%.
Analyst Ratings Changes
Several equities analysts recently issued reports on EFXT shares. Raymond James Financial increased their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. TD Securities reissued a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Royal Bank Of Canada increased their target price on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Zacks Research raised Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.33.
View Our Latest Stock Analysis on Enerflex
Enerflex Company 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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