Mackenzie Financial Corp Cuts Stock Position in Enerflex Ltd. $EFXT

Mackenzie Financial Corp trimmed its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,616,641 shares of the company’s stock after selling 360,602 shares during the period. Mackenzie Financial Corp owned 3.77% of Enerflex worth $36,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EFXT. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 purchasing an additional 1,863,470 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Enerflex by 51.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Enerflex by 29.0% during the second quarter. Acadian Asset Management LLC now owns 2,072,660 shares of the company’s stock valued at $16,312,000 after acquiring an additional 466,535 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of Enerflex by 10.2% in the second quarter. PCJ Investment Counsel Ltd. now owns 1,487,680 shares of the company’s stock valued at $11,752,000 after acquiring an additional 137,950 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after acquiring an additional 880,358 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Stock Performance

Enerflex stock opened at $13.97 on Monday. The firm has a 50 day simple moving average of $12.20 and a 200-day simple moving average of $9.81. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 12.70 and a beta of 1.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 0.88. Enerflex Ltd. has a 1-year low of $6.18 and a 1-year high of $14.18.

Enerflex (NYSE:EFXT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.30 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 analysts’ expectations of $682.88 million. Enerflex had a net margin of 5.43% and a return on equity of 12.35%. On average, analysts expect that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.0425 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.17 annualized dividend and a dividend yield of 1.2%. Enerflex’s dividend payout ratio is currently 10.91%.

Analyst Upgrades and Downgrades

EFXT has been the subject of several recent research reports. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. BMO Capital Markets restated an “outperform” rating on shares of Enerflex in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and an average price target of $13.13.

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.