Campbell & CO Investment Adviser LLC Purchases Shares of 94,389 Enerflex Ltd. $EFXT

Campbell & CO Investment Adviser LLC acquired a new position in Enerflex Ltd. (NYSE:EFXT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 94,389 shares of the company’s stock, valued at approximately $745,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baron Wealth Management LLC raised its position in Enerflex by 31.7% in the 2nd quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock worth $120,000 after purchasing an additional 3,666 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Enerflex during the first quarter valued at about $130,000. NewEdge Advisors LLC increased its holdings in shares of Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock worth $176,000 after buying an additional 20,689 shares during the period. Magnetar Financial LLC bought a new stake in shares of Enerflex in the 1st quarter valued at about $192,000. Finally, Trexquant Investment LP purchased a new stake in Enerflex during the 1st quarter valued at about $235,000. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on EFXT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerflex in a research note on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Royal Bank Of Canada increased their price target on shares of Enerflex from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Enerflex in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and a consensus price target of $13.13.

Enerflex Stock Performance

NYSE:EFXT opened at $13.29 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $9.30. The stock has a market cap of $1.62 billion, a P/E ratio of 12.08 and a beta of 2.03. Enerflex Ltd. has a twelve month low of $6.18 and a twelve month high of $13.74.

Enerflex (NYSE:EFXT) last posted its 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 company had revenue of $777.00 million during the quarter, compared to analysts’ expectations of $682.88 million. Enerflex had a return on equity of 12.35% and a net margin of 5.43%. As a group, research analysts predict that Enerflex Ltd. will post 0.25 EPS for the current year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is presently 10.00%.

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.