Enerflex Ltd. $EFXT Stake Raised by TD Asset Management Inc

TD Asset Management Inc increased its holdings in Enerflex Ltd. (NYSE:EFXT) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,151,660 shares of the company’s stock after acquiring an additional 518,639 shares during the period. TD Asset Management Inc’s holdings in Enerflex were worth $33,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Plato Investment Management Ltd raised its stake 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enerflex during the 4th quarter worth about $119,000. D Orazio & Associates Inc. raised its stake 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 in the last quarter. Shelton Capital Management purchased a new stake in shares of Enerflex during the 3rd quarter worth about $136,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Enerflex during the 3rd quarter worth about $138,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $24.14 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 36.02 and a beta of 1.83. The business’s 50-day simple moving average is $24.64 and its 200-day simple moving average is $19.89. Enerflex Ltd. has a 52 week low of $7.45 and a 52 week high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $584.00 million for the quarter, compared to analyst estimates of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. As a group, equities research analysts expect that Enerflex Ltd. will post 1.66 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex’s dividend payout ratio is currently 19.40%.

Analyst Upgrades and Downgrades

EFXT has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $28.00 price target on shares of Enerflex in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

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.