TD Waterhouse Canada Inc. Purchases 238,574 Shares of Enerflex Ltd. $EFXT

TD Waterhouse Canada Inc. raised its holdings in shares of Enerflex Ltd. (NYSE:EFXT) by 74.7% during the second quarter, HoldingsChannel.com reports. The firm owned 558,010 shares of the company’s stock after acquiring an additional 238,574 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Enerflex were worth $13,170,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in Enerflex in the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new position in Enerflex during the fourth quarter worth about $31,000. Plato Investment Management Ltd lifted its holdings in shares of Enerflex by 399.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,664 shares of the company’s stock valued at $72,000 after purchasing an additional 3,730 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Enerflex in the 3rd quarter valued at approximately $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Enerflex in the 3rd quarter valued at approximately $138,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Up 0.6%

Shares of Enerflex stock opened at $22.24 on Friday. The firm has a market cap of $2.72 billion, a PE ratio of 51.72 and a beta of 1.84. The business’s 50 day simple moving average is $22.17 and its 200 day simple moving average is $23.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. Enerflex Ltd. has a 52-week low of $9.81 and a 52-week high of $29.15.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Enerflex had a return on equity of 11.76% and a net margin of 2.06%.The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $606.78 million. On average, analysts predict that Enerflex Ltd. will post 1.34 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a dividend of $0.0425 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.17 annualized dividend and a yield of 0.8%. Enerflex’s dividend payout ratio is presently 27.91%.

Analyst Upgrades and Downgrades

EFXT has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. 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 increased their price objective on shares of Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce set a $27.50 price objective on shares of Enerflex in a report on Monday, August 10th. Finally, Raymond James Financial boosted their price objective on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.17.

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.