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

TD Asset Management Inc decreased its stake in Enerflex Ltd. (NYSE:EFXT) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,633,021 shares of the company’s stock after selling 52,080 shares during the quarter. TD Asset Management Inc’s holdings in Enerflex were worth $17,617,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EFXT. D Orazio & Associates Inc. acquired a new stake in shares of Enerflex during the 2nd quarter valued at $80,000. Vise Technologies Inc. bought a new position in Enerflex in the second quarter valued at about $85,000. Kathmere Capital Management LLC acquired a new stake in shares of Enerflex during the third quarter valued at about $152,000. NewEdge Advisors LLC raised its holdings in Enerflex by 984.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its position in Enerflex by 10.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,853 shares of the company’s stock worth $182,000 after buying an additional 1,638 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Trading Down 3.5%

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

Enerflex Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Enerflex

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.