Picton Mahoney Asset Management Has $1.25 Million Position in Enerflex Ltd. $EFXT

Picton Mahoney Asset Management lessened its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 41.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 115,925 shares of the company’s stock after selling 81,293 shares during the period. Picton Mahoney Asset Management owned 0.09% of Enerflex worth $1,249,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EFXT. Hillsdale Investment Management Inc. boosted its position in shares of Enerflex by 435.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock worth $50,695,000 after purchasing an additional 3,824,093 shares during the last quarter. Millennium Management LLC lifted its stake in Enerflex by 351.0% in the first quarter. Millennium Management LLC now owns 1,131,144 shares of the company’s stock valued at $8,747,000 after buying an additional 880,358 shares during the period. Man Group plc lifted its stake in Enerflex by 433.7% in the second quarter. Man Group plc now owns 1,069,556 shares of the company’s stock valued at $8,426,000 after buying an additional 869,156 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 last quarter. Finally, NewGen Equity Long Short Fund acquired a new position in shares of Enerflex during the 2nd quarter worth about $5,628,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 3.7%

Enerflex stock opened at $21.78 on Friday. The stock has a market capitalization of $2.65 billion, a PE ratio of 42.71 and a beta of 1.84. Enerflex Ltd. has a twelve month low of $6.18 and a twelve month high of $23.82. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $17.86 and a 200-day moving average of $14.17.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 11th. Enerflex’s dividend payout ratio is 23.53%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EFXT. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of Enerflex in a report on Thursday, January 15th. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company 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.