Enerflex Ltd. $EFXT Shares Acquired by TD Asset Management Inc

TD Asset Management Inc grew its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,151,660 shares of the company’s stock after purchasing an additional 518,639 shares during the period. TD Asset Management Inc owned about 1.77% of Enerflex worth $33,215,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Enerflex by 0.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,735,102 shares of the company’s stock valued at $61,841,000 after purchasing an additional 36,477 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Enerflex by 435.9% during the third quarter. Hillsdale Investment Management Inc. now owns 4,701,464 shares of the company’s stock valued at $50,695,000 after purchasing an additional 3,824,093 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Enerflex by 1.6% during the third quarter. Mackenzie Financial Corp now owns 4,692,293 shares of the company’s stock valued at $50,597,000 after purchasing an additional 75,652 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after purchasing an additional 752,893 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Enerflex by 33.9% during the third quarter. Bank of Montreal Can now owns 1,553,248 shares of the company’s stock valued at $16,749,000 after purchasing an additional 393,561 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EFXT has been the subject of several analyst reports. Raymond James Financial upped their target price on Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. TD Securities reaffirmed a “buy” rating on shares of Enerflex in a report on Friday, May 8th. Wall Street Zen downgraded Enerflex from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Royal Bank Of Canada upped their target price on Enerflex from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised Enerflex from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Enerflex Stock Down 8.5%

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

Enerflex (NYSE:EFXT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $607.26 million. Enerflex had a return on equity of 14.53% and a net margin of 3.19%. As a group, analysts expect 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. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio is currently 19.40%.

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.