Enerflex Ltd. $EFXT Shares Sold by UBS Group AG

UBS Group AG reduced its holdings in Enerflex Ltd. (NYSE:EFXT) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,826 shares of the company’s stock after selling 167,538 shares during the quarter. UBS Group AG owned 0.39% of Enerflex worth $7,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EFXT. SG Americas Securities LLC bought a new stake in Enerflex during the fourth quarter worth approximately $119,000. D Orazio & Associates Inc. increased its holdings in shares of 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 buying an additional 1,497 shares in the last quarter. Shelton Capital Management bought a new position in shares of Enerflex in the third quarter valued at $136,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Enerflex during the 3rd quarter valued at $138,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Enerflex during the 3rd quarter worth $147,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $28.10 on Tuesday. The company’s fifty day moving average is $23.27 and its two-hundred day moving average is $18.63. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. Enerflex Ltd. has a 12-month low of $6.74 and a 12-month high of $29.15. The company has a market cap of $3.43 billion, a P/E ratio of 41.93 and a beta of 1.93.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Enerflex had a return on equity of 14.53% and a net margin of 3.19%.The business had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $607.26 million. Equities analysts expect that Enerflex Ltd. will post 1.68 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 17.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Enerflex from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Enerflex in a report on Friday, May 8th. Wall Street Zen lowered Enerflex from a “strong-buy” rating to a “buy” rating in a research report 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, Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

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.