Enerflex Ltd. $EFXT Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,822 shares of the company’s stock after selling 26,877 shares during the period. Ritholtz Wealth Management owned approximately 0.17% of Enerflex worth $4,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Market Inc. bought a new stake in shares of Enerflex in the 2nd quarter worth approximately $15,851,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Enerflex by 240.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock worth $9,763,000 after buying an additional 329,469 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Enerflex by 694.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 211,736 shares of the company’s stock worth $4,829,000 after buying an additional 185,086 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Enerflex by 21.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock valued at $8,506,000 after buying an additional 70,818 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in Enerflex by 74.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock valued at $13,170,000 after buying an additional 238,574 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Price Performance

Shares of EFXT opened at $20.32 on Friday. The company has a market capitalization of $2.48 billion, a P/E ratio of 16.17 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $23.07 and a 200 day moving average of $22.73. Enerflex Ltd. has a twelve month low of $12.57 and a twelve month high of $29.15.

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $632.70 million. Enerflex had a net margin of 2.94% and a return on equity of 13.15%. As a group, equities research analysts anticipate that Enerflex Ltd. will post 1.42 earnings per share for the current fiscal year.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be issued a C$0.04 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Enerflex’s previous quarterly dividend of C$0.04. Enerflex’s dividend payout ratio is 20.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EFXT shares. Royal Bank Of Canada lowered their price objective on Enerflex from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Acumen Capital raised Enerflex to a “strong-buy” rating in a research note on Friday, October 2nd. Zacks Research upgraded Enerflex from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. TD Securities downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Finally, Canadian Imperial Bank of Commerce set a $35.00 price target on Enerflex and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average price target of $38.00.

About Enerflex

Enerflex Ltd. provides equipment, services and integrated solutions for natural gas infrastructure and energy projects. Its offerings include gas compression, processing and refrigeration systems, as well as power generation equipment. The company supports projects from engineering and equipment manufacturing through construction, installation and commissioning. It also provides aftermarket services, including operations, maintenance and parts support. Headquartered in Calgary, Alberta, Enerflex serves customers across North America, Latin America and international markets.