TD Asset Management Inc Has $17.62 Million Stake in Enerflex Ltd. $EFXT

TD Asset Management Inc reduced its holdings in Enerflex Ltd. (NYSE:EFXT) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,633,021 shares of the company’s stock after selling 52,080 shares during the period. TD Asset Management Inc owned 1.34% of Enerflex worth $17,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its holdings in shares of Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after acquiring an additional 3,824,093 shares in the last quarter. D Orazio & Associates Inc. grew its stake in Enerflex by 14.8% in the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after purchasing an additional 1,497 shares in the last quarter. Fiera Capital Corp increased its position in shares of Enerflex by 117.0% during the 3rd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $268,000 after purchasing an additional 13,390 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Enerflex by 267.3% during the 3rd quarter. Cibc World Market Inc. now owns 498,718 shares of the company’s stock worth $5,378,000 after purchasing an additional 362,939 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Enerflex during the 3rd quarter worth approximately $271,000. 46.47% of the stock is owned by institutional investors.

Enerflex Trading Down 3.5%

Shares of EFXT stock opened at $22.41 on Monday. The stock has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $13.87. The stock has a market cap of $2.73 billion, a P/E ratio of 43.94 and a beta of 1.84. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Enerflex Ltd. has a 1 year low of $6.18 and a 1 year high of $23.47.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EFXT. Weiss Ratings restated a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research cut Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Raymond James Financial cut Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and a consensus price target of $14.63.

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.