35,430 Shares in Enerflex Ltd. $EFXT Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in Enerflex Ltd. (NYSE:EFXT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,430 shares of the company’s stock, valued at approximately $870,000.

Other institutional investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC increased its stake in shares of Enerflex by 2.5% in the second quarter. Baron Wealth Management LLC now owns 30,530 shares of the company’s stock worth $748,000 after purchasing an additional 751 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Enerflex by 0.8% during the 4th quarter. Neuberger Berman Group LLC now owns 118,504 shares of the company’s stock valued at $1,829,000 after buying an additional 883 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Enerflex by 4.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 24,089 shares of the company’s stock valued at $502,000 after buying an additional 1,017 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Enerflex by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 33,744 shares of the company’s stock worth $521,000 after buying an additional 1,033 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Enerflex by 0.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 157,255 shares of the company’s stock worth $1,696,000 after buying an additional 1,035 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Enerflex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada lifted their price target on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce set a $27.50 price objective on Enerflex in a research note on Monday, August 10th. Weiss Ratings cut Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Finally, Raymond James Financial raised their target price on Enerflex from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.17.

Enerflex Stock Performance

NYSE EFXT opened at $19.84 on Thursday. Enerflex Ltd. has a 1 year low of $9.76 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.19 and a quick ratio of 0.86. The stock has a market capitalization of $2.42 billion, a PE ratio of 46.14 and a beta of 1.86. The company’s 50 day simple moving average is $22.68 and its two-hundred day simple moving average is $22.96.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Analysts predict that Enerflex Ltd. will post 1.34 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, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.9%. Enerflex’s dividend payout ratio (DPR) is currently 27.91%.

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.