Cibc World Market Inc. Boosts Holdings in Enerflex Ltd. $EFXT

Cibc World Market Inc. boosted its position in shares of Enerflex Ltd. (NYSE:EFXT) by 32.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 660,755 shares of the company’s stock after buying an additional 162,037 shares during the quarter. Cibc World Market Inc.’s holdings in Enerflex were worth $10,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EFXT. Millennium Management LLC boosted its stake in Enerflex by 351.0% during the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock worth $8,747,000 after buying an additional 880,358 shares during the period. NewEdge Advisors LLC boosted its stake in Enerflex by 984.3% during 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. Goldman Sachs Group Inc. boosted its stake in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock worth $17,031,000 after buying an additional 752,893 shares during the period. Geode Capital Management LLC boosted its stake in Enerflex by 28.1% during the second quarter. Geode Capital Management LLC now owns 83,987 shares of the company’s stock worth $665,000 after buying an additional 18,434 shares during the period. Finally, Legal & General Group Plc boosted its stake in Enerflex by 8.3% during the second quarter. Legal & General Group Plc now owns 155,243 shares of the company’s stock worth $1,223,000 after buying an additional 11,920 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. National Bank Financial raised shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a research note on Friday, May 8th. Wall Street Zen lowered shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $28.00 target price on shares of Enerflex in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Enerflex Stock Down 8.5%

NYSE:EFXT opened at $24.14 on Friday. Enerflex Ltd. has a 1-year low of $7.45 and a 1-year high of $29.15. The company has a 50-day moving average of $24.64 and a 200 day moving average of $19.89. The firm has a market cap of $2.95 billion, a PE ratio of 36.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89.

Enerflex (NYSE:EFXT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Enerflex had a net margin of 3.19% and a return on equity of 14.53%. The company had revenue of $584.00 million during the quarter, compared to analyst estimates of $607.26 million. As a group, research analysts anticipate that Enerflex Ltd. will post 1.66 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. Enerflex’s dividend payout ratio is 19.40%.

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.