K.J. Harrison & Partners Inc Boosts Holdings in Enerflex Ltd. (NYSE:EFXT)

K.J. Harrison & Partners Inc grew its position in shares of Enerflex Ltd. (NYSE:EFXT) by 67.5% in the fourth quarter, Holdings Channel reports. The firm owned 207,700 shares of the company’s stock after purchasing an additional 83,700 shares during the period. K.J. Harrison & Partners Inc’s holdings in Enerflex were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EFXT. Swiss National Bank increased its stake in Enerflex by 1.9% in the 3rd quarter. Swiss National Bank now owns 260,800 shares of the company’s stock worth $1,510,000 after acquiring an additional 4,900 shares during the last quarter. Simplex Trading LLC increased its position in shares of Enerflex by 12,460.0% in the third quarter. Simplex Trading LLC now owns 4,944 shares of the company’s stock worth $28,000 after purchasing an additional 4,984 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Enerflex by 51.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,978 shares of the company’s stock valued at $150,000 after purchasing an additional 8,808 shares in the last quarter. Aigen Investment Management LP lifted its position in Enerflex by 80.7% during the third quarter. Aigen Investment Management LP now owns 21,913 shares of the company’s stock valued at $126,000 after purchasing an additional 9,784 shares during the last quarter. Finally, Versor Investments LP grew its stake in Enerflex by 186.2% in the 3rd quarter. Versor Investments LP now owns 48,414 shares of the company’s stock worth $278,000 after buying an additional 31,500 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of NYSE EFXT traded up $0.26 during trading hours on Friday, reaching $5.96. 110,375 shares of the stock traded hands, compared to its average volume of 535,378. The company has a market capitalization of $738.78 million, a P/E ratio of -8.99 and a beta of 2.43. The company’s 50-day simple moving average is $5.87 and its two-hundred day simple moving average is $5.02. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. Enerflex Ltd. has a 52-week low of $3.94 and a 52-week high of $8.36.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). The company had revenue of $574.61 million during the quarter, compared to the consensus estimate of $583.70 million. Enerflex had a negative net margin of 3.47% and a positive return on equity of 0.11%. Equities research analysts forecast that Enerflex Ltd. will post 0.46 EPS for the current year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be paid a $0.0184 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 1.23%. Enerflex’s dividend payout ratio (DPR) is presently -10.61%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded shares of Enerflex from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th.

Enerflex 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.